SARB governor opposes crypto lobbyists influencing government decisions
Kganyago is unmoved by calls for government-owned bitcoin reserves, claiming the cryptocurrency is no different from apples and beef.
Crypto Regulation
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.
Kenya’s apex court upholds 3% Digital Asset Tax
Meanwhile, the KRA said it is working on a system to ensure real-time compliance with the tax regime.
South African taxman goes after crypto traders to rein in taxes
The tax agency is scrutinizing individual trading and tax data to find defaulters and issue them assessments. To crack down on non-compliance, SARS is also leveraging artificial intelligence (AI) technology.
Binance exec in Nigerian prison denied access to legal team amidst worsening health
Tigran Gambaryan’s legal team has not been allowed into the prison since July 26 while Gambaryan has suffered additional health complications.
Bank of Ghana issues draft guidelines for crypto regulation
Ghana’s apex bank has also asked for input from members of the public while it moves closer to establishing digital asset rules.
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.