Tag: Crypto laws in Africa
Nigeria’s Crypto Laws: CBN Revisits Laws to Fuel Transparency and Security in 2024
In December 2023, the Central Bank of Nigeria removed the two-year restrictions on crypto transactions.
According to the rules, crypto providers can open...
The Rise and Fall of La Clé du Succès in African Crypto
South Africa, a region with the highest positive take on digital currency, has the highest rate of African crypto scams.
The Ministry of...
Binance introduces new crypto tax system in South Africa
Binance tax will offer effortless retrieval of comprehensive reports on the profits and losses incurred within the platform.
The primary objective of the...
Stringent penalties imposed on unlicensed crypto companies in South Africa
If any Crypto firms do not comply with the new guidelines, they will face a fine of $510,000 or up to 10 years...
International securities watchdog, IOSCO, develops global approach to crypto law
The lack of comprehensive crypto rules has been the market's biggest undoing as platforms exploit the numerous loopholes.
IOSCO has developed the...
The EU Council approves the world first comprehensive crypto regulations
According to the IMF, about 20% of Africa has explicitly banned the use of cryptocurrency.
On 16 May, finance ministers of the EU...
Mauritius enforces crypto licensing in a bid to promote adoption
On the global crypto list of 157 countries, Mauritius ranks 131st with 23,208 crypto owners as of 2022.
In 2021, Mauritius released its...
