Nigeria sues Binance for $81.5 billion, cites economic losses and tax evasion
The country is blaming the exchange for the naira’s woes and is seeking reparations and unpaid taxes.
Policy
Nigeria to enforce crypto taxation under proposed law: Report
The Nigerian SEC wants to help generate more revenue for the country through crypto taxation.
Tether partners with the Republic of Guinea to drive blockchain adoption
The parent company of the USDT stablecoin will primarily look to advance blockchain education in Guinea.
Naira-backed stablecoin cNGN debuts on local exchanges
As stated on its website, only licensed users can purchase cNGN directly from the platform, while others can access it through cryptocurrency exchanges like Busha and Quidax.
Kenyan crypto group submits policy proposals to regulators
VACC touted a review of the digital asset tax to the Kenyan technical working group on virtual assets regulations as part of its recommendations.
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.
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.