Rwanda cracks down on illegal crypto sale, prosecutes former MD of microfinance institutions
He faces up to 10 years in prison for illegally advocating for and taking investments in BITSEC
Policy
Central African Republic to create a crypto legal framework
The bill will help to create a friendly business environment, says President Touadera.
Tanzania adopts a ‘cautious’ approach to CBDC following preliminary research
The Bank of Tanzania is researching CBDCs and has yet to decide if the East African country needs a digital shilling.
Nigeria to implement legal frameworks for stablecoins and ICOs
The CBN highlights the importance of having a legal framework for stablecoins in a new strategy paper.
Morocco has developed a draft law for regulating crypto: report
Bank Al-Maghrib worked with the World Bank and the International Monetary Fund to develop the draft law.
Kenyan financial regulators are considering developing crypto rules
Five financial sector regulators, including the country's central bank and capital markets regulator, will set up a working group to develop crypto regulations.
Nigerian legislators considering bill to recognize bitcoin and other cryptocurrencies
The bill, if passed, will define the role of various local regulators. But questions are being asked of why industry participants have not been consulted