97% of African countries struggle with crypto compliance: FATF FATF’s latest review also reveals that 75% of jurisdictions globally fall short of crypto compliance.
From rigid rules to flexible principles: South Africa’s approach to financial innovation South Africa’s financial conduct regulator aims to foster innovation while protecting consumers, as crypto licensing efforts continue.
South Africa grants 63 new crypto licenses This brings the total approved crypto licenses in South Africa to 138. On- and off-ramp crypto service Kotani Pay is one of the newest licensees.
Scoop: South Africa announces 30 investigations into crypto activities FSCA has formed a special team to probe unlicensed crypto services amid ongoing regulatory efforts. 30 cases are under scrutiny as South Africa seeks to balance innovation and compliance.
USDT issuer Tether partners NODO for stablecoin education in Africa The partnership comes amid an intensifying battle for stablecoin market share in Africa. Last year, stablecoin volume exceeded $30 billion.
South African taxman is cracking down on crypto traders: report SARS is working closely with the South African Reserve Bank (SARB), along with international information exchanges on eliminating non-compliance.
Kenya and Namibia join 10 African countries on FATF grey list This brings the total number of African countries on FATF’s grey list to 12, accounting for approximately 57% of all grey-listed countries.