South African financial regulator receives 128 crypto license applications
The number of applications received in November surpassed October’s total of 93 applications.
Policy
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.
IMF expands Kenya’s financing package to $938 million
The additional funding will strengthen the country’s reserves before its $2 billion Eurobond payment in June.
South African tax body adopts crypto-assets reporting framework
SARS wants to integrate the Crypto Asset Reporting Framework (CARF) into national law as part of its commitment to regulatory measures.
Mauritius wants to integrate the metaverse into its financial system
Integrating the metaverse into Mauritius’ financial sector can birth new financial innovations, the Financial Service Commission wrote.
Exclusive: Kenyan lawmakers task lobby group to draft crypto bill
The National Assembly’s Departmental Committee on Finance and National Planning has directed the Blockchain Association of Kenya to prepare the first draft of what could become a virtual asset service provider’s bill.
Kenyan parliamentary committee recommends shutdown of Worldcoin
The committee deemed Worldcoin and its partners’ activities criminal and called for legal action against them.