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.
Sophisticated crypto scam run by Chinese nationals busted in Namibia: Reports The scammers employed young Namibians and trained them to target victims to invest in a non-existent crypto investment platform.
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.
Namibia insists cryptocurrencies are not legal tender The Bank warns that individuals using virtual assets will take full responsibility for such transactions.
Namibia’s crypto regulatory bill signed into law This comes a month after the country’s parliament passed the bill and forwarded for approval
Namibia passes law to regulate cryptocurrencies despite central bank’s contrary stance Despite the new development, the Bank of Namibia still maintains that cryptocurrencies have no legal tender status in the country.
Inflation in Africa: Latest data shows worsening figures across the board Figures show 50% of countries with available data experienced an increase in consumer prices in March.