Crypto crime proceeds valued at $40.1 billion in 2024—Chainalysis
The figures are expected to rise much higher and cross the $51 billion threshold as crypto crimes become more sophisticated and professional.
Namibia shores up crypto regulations, grants provisional licenses to two crypto firms.
Kenya issues draft policy on virtual assets regulation
South Africa’s FSCA licensed 248 crypto firms in 2024
Gateway App launches ‘Ija: Battle of the Gods,’ an on-chain multiplayer fighter game on mobile
Mariblock Roundtable: Stablecoins and Africa’s financial future
Ethereum ecosystem support program gives out $13 million in Q3
Business
Ethereum ecosystem support program gives out $13 million in Q3
At least five African companies benefitted from the latest batch of the ecosystem grant allocation from Ethereum.
Verda Ventures partners with Opera to launch $40 million MiniPay fund
CV VC hires former KPMG and Deutsche Bank employee to lead African investments
Ethiopia Earns $55 Million from Bitcoin Mining Deals in 10 months
Kotani Pay Expands its services to Rwanda and Uganda
Tether stablecoin sees increased usage in Africa since January — Chainalysis
Baxi, FairMoney, and KongaPay join Zone’s decentralized payment network
Policy
Namibia shores up crypto regulations, grants provisional licenses to two crypto firms.
The country wants these firms to meet its preauthorization requirements before they are fully licensed.
South Africa’s FSCA licensed 248 crypto firms in 2024
Zanzibar introduces blockchain sandbox for startups
Kenya’s apex court upholds 3% Digital Asset Tax
South African taxman goes after crypto traders to rein in taxes
Detained Binance exec faces further delay in bail request as health falters
Nigerian SEC grants provisional crypto licenses amid regulatory shift
State of fiat
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.
Nigeria seeks $1.5 billion World Bank loan to ease forex shortage
Ethiopia faces challenges as it integrates into BRICS
IMF approves Kenya’s financial package of $941 million
IMF set to review Ghana’s second loan payout of $600 million on Friday
Four reasons Ghana is developing the eCedi CBDC
Ethiopia gets $350 million World Bank financing for its digital ID project
Enterprise
Pan-African bank Absa wants to digitize trade finance with blockchain
The bank will be able to adopt a digital process for issuing letters of credit
Exclusive: How blockchain is processing $1 million worth of ATM transactions daily in Nigeria
Mastercard launches tool to fight cryptocurrency fraud
BlackRock enters the cryptocurrency market with its bitcoin private trust
