The African blockchain funding scene: More deals, less dollars
Nigeria saw the most deals done, but Seychelles maintained top spot in terms of deal value.
Seychelles
Seychelles approves landmark crypto bill to regulate virtual assets sector
Seychelles, long regarded as a crypto-friendly jurisdiction, is moving to rein in the digital asset industry within its borders as consumer complaints about crypto-related losses continue to rise.
Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers
The island has seen more activity from global crypto companies than most African countries due to its relaxed KYC guidelines and loose virtual asset regulations.
Nigeria received nearly $60 billion in crypto value in a year
Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Inflation in Africa: Latest data shows worsening figures across the board
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
A new report says African blockchain firms raised $474 million in 2022, but the methodology is questionable
South Africa, Liberia and Kenya led Nigeria for total funding. MFS Africa, Valr, Jambo, Ejara all feature in the report.
Crypto-friendly Seychelles is developing policy to rein in digital asset companies: Report
The country's finance minister says complaints about crypto activities in Seychelles are increasing.