Kenya’s Interior Minister hints at possible cryptocurrency ban
Kithure said that if the money in crypto trading cannot be traced until it enters a financial institution, he would hesitate to permit its use.
Kenya
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.
Bitcoin Dada receives a $10,000 donation from Samara Asset Group
Bitcoin Dada hopes to increase women’s participation in bitcoin by creating a more equitable and inclusive financial system in Africa and beyond.
Kenya’s digital asset tax: death knell for crypto adoption?
The Kenyan government passed the Digital Assets Tax into law, mandating crypto users to pay a 3% tax anytime they exchange an asset.
Worldcoin denies using free tokens to induce users to sign up
Worldcoin CEO appeared before the Kenyan Parliament to defend the company’s operations and here are key insights from the session.
Trade in cryptocurrency not illegal: CBK Governor
The committee also summoned the CBK governor to explain why the Bank failed to detect the Worldcoin token payments made to Kenyans via M-Pesa.
Crypto adoption on the rise in Cameroon, amidst growing concerns of Ponzi schemes - study
Numerous companies offering crypto products in Cameroon follow the Ponzi scheme patterns, resulting in losses, the study reads.