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Seychelles

A Seychelles flag on a beach next to the ocean

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

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

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

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

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

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.

Inflation in Africa

60% of African countries recorded lower consumer prices in December

Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.