IMF calls for stricter rules for “risky” and “poorly-backed” crypto
The international organization has instead encouraged blockchain adoption in traditional financial systems.
Policy
Worldcoin moves to resume operations in Kenya
“Worldcoin is working directly with regulators to meet Kenya’s requirements, particularly as the Assembly considers new regulations,” a source said.
Angola’s parliament passes law to regulate digital assets and crypto-mining
The five-part law protects the country’s monetary policy and energy infrastructure, per an official.
Ghana’s SEC sets up committee on crypto regulations
The SEC’s Director-General said that the Commission formed the task force to help it develop the capacity to regulate crypto assets.
Kenyan legislators launch law changes for cryptocurrency taxation
The bill will now move to the next stage, where members of parliament will discuss and propose any changes they think are needed. If approved, it will be sent to the President for final approval.
South African financial regulator receives 128 crypto license applications
The number of applications received in November surpassed October’s total of 93 applications.
Seychelles Financial Services Authority clamps down on unregistered virtual assets service providers
The island has seen more activity from global crypto companies than most African countries due to its relaxed KYC guidelines and loose virtual asset regulations.