Among the challenges that regulators face include determining how to classify cryptocurrencies under existing legal frameworks, Know-Your-Customer (KYC) compliance, and addressing concerns over...

Namibia has officially signed a law to regulate cryptocurrency exchanges, reversing its 2017 ban decision The Namibia Virtual Assets Act 2023 aims to...

Nigeria's Securities and Exchange Commission (SEC) declared the exchange and its subsidiary, Binance Nigeria Limited, "illegal." The SEC's primary contention is that Binance...

If any Crypto firms do not comply with the new guidelines, they will face a fine of $510,000 or up to 10 years...

Westpac Bank has announced the official ban of Binace from the Australian Payment Service. Westpac Bank teamed with the National Australia Bank to...

According to the IMF, about 20% of Africa has explicitly banned the use of cryptocurrency. On 16 May, finance ministers of the EU...

Jose de Lima Massano, the governor of the National Bank of Angola(BNA), saw the vast potential of Africa's crypto industry. Around 2018, during...

African policymakers have remained apprehensive that people could use cryptocurrencies to illegally transfer funds from the region and sidestep local rules to avert capital outflows. Widespread crypto usage could also create risks for financial and macroeconomic stability by undermining the effectiveness of the monetary policy. The risks become even greater if countries adopt crypto as legal tender. Many people feel that if governments accept and hold crypto assets as means of payment, it could put public finances at risk. Until the time comes that African governments evolve a suitable regulatory response to the rise of web3 and blockchains, crypto self-regulation will help to shield customers against fraudulent elements within the ecosystem.

According to hedgewithcrypto, the number of legal issues involving crypto decreased by 30% in 2019. According to (SEC) Chair Gary Gensler, the...

A nationwide survey showed an estimated 1257 crypto owners exist among 100,000 people. Virtual Asset Service Providers or VASP companies must have a...

The Advertising Regulatory Board, added new clauses to its rules that guide cryptocurrency advertising The relative freedom with which crypto has operated in...

Crypto investors in Africa currently have minimal or no protection in the market, as there are no clear-cut regulations for protecting assets. Most of the trading happening in the crypto space is not regulated, creating a considerable gap. The lack of regulation means investor protection on crypto exchange platforms remains much weaker compared to the securities or futures market.

Roqqu Crypto exchange finally attained its Europen virtual currency license Its headquarters are in Lekki, Lagos state Nigeria, and it has processed over...