Nigeria’s SEC needs more ‘due diligence’ before approving more crypto licenses - DG
Since it granted temporary approvals to Quidax and Busha last year, the agency has hesitated to grant licenses to more crypto firms.
Regulation
South Africa’s FIC flags crypto crime risks for VASPs — Report
The agency says that criminal actors are turning to crypto to launder their profits and wants licensed VASPs to report them
Rwanda introduces draft regulations for cryptocurrencies
Authorities in the country want exchanges to apply for operating licenses or risk prosecution.
Tunisia adopts blockchain-based system for verifying credentials
The country joins three other North African countries to adopt the Unified Arab System for Diploma Authenticity Verification
Nigeria sues Binance for $81.5 billion, cites economic losses and tax evasion
The country is blaming the exchange for the naira’s woes and is seeking reparations and unpaid taxes.
Nigeria to enforce crypto taxation under proposed law: Report
The Nigerian SEC wants to help generate more revenue for the country through crypto taxation.
South Africa’s FSCA licensed 248 crypto firms in 2024
Pan-African exchange, Yellow Card, also secured an FSCA-issued financial service provider license late in the year