Crypto laws in Africa Archives

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...

News January 5, 2024

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...

News October 27, 2023

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...

News June 15, 2023

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...

News May 31, 2023

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...

News May 26, 2023

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...

News May 19, 2023

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...

News March 16, 2023

Tag: Crypto laws in Africa