Kenya’s crypto industry reacts as VASP Act becomes law
Stakeholders are saying the Act is a step in the right direction, as it provides legal backing to an ecosystem long in the shadows.
Crypto in Africa
Unlocking Africa’s next economy would require new money
Ayotunde Alabi highlights how adopting stablecoins and tokenized assets can help Africa build a modern financial system that drives trade and economic growth.
Africa moved $54 billion in stablecoins; now what?
Despite these impressive figures, there is a huge policy vacuum sitting between potential and scale.
Kenya edges toward crypto regulation as parliament passes VASP bill
The bill has scrapped the creation of a new agency, VARA, and has instead placed VASPs under the CMA and CBK’s regulatory oversight.
Uganda launches CBDC pilot in $5.5 billion tokenization drive
The digital currency is backed by Ugandan treasury bonds and can be accessed via smartphones.
Paxful shuts down, blames ex-co-founders Youssef and Schaback
The exchange asked users to withdraw their funds before November 1 when it will cease all operations
SWIFT partners with global and African banks on blockchain-based shared ledger
The network also wants its system to be compatible with more modern digital finance rails such as stablecoins