Tag: Regulatory Challenges

NSE and Hedera: Pioneering Digital Asset Tokenization for Economic Growth in Kenya

NSE's Hedera Council membership enables Kenya to advance in digital asset tokenization, bringing blockchain-based financial innovation to the continent. Tokenization provides increased liquidity...

Bitmama and MANSA’s Game-Changing Collaboration in Africa

Bitmama and MANSA's collaboration aims to enhance financial inclusion through improved cross-border payments. Blockchain and DeFi are crucial in providing efficient financial services...

Solana’s Vibrant Community Fuels Africa’s Crypto Market Growth

Solana in Africa drives the crypto market's adoption and maturity beyond sceptics' expectations. The community is becoming more involved through Solana's programs like...

Crypto Industry on Trial: SEC’s Legal Actions Against Major Companies

The SEC crypto crackdown has targeted titan companies, including Ethereum Foundation, Consensys, Robinhood, Uniswap Labs, Coinbase, Binance, Ripple, and Kraken. Ethereum 2.0 and...

SEC’s Uniswap Showdown: Navigating DeFi’s Regulatory Storm

The SEC's actions align with its broader efforts to regulate companies using digital assets, including Coinbase. UniSwap expressed concerns about the SEC's regulatory...

The Departure of Binance: Implications for P2P Bitcoin Trading and Financial Inclusion

Binance's exit from Nigeria underscores the growing regulatory challenges facing cryptocurrency exchanges in emerging markets. The departure signals a pivotal moment for the...

Nigeria charges Binance Executive with tax evasion after Kenyan executive flees custody

Nadeem Anjarwalla, a Binance executive, escaped custody in Nigeria amid an investigation into Binance for allegations including crypto crime and tax evasion. Nigerian...

Nigeria’s FIRS Accuses Binance of Tax Evasion: The Unfolding Legal Battle

The FIRS has accused Binance of a litany of offences, including failure to pay Value-Added Tax (VAT) and Company Income Tax. The situation...

EU bans anonymous crypto payments to hosted wallets

The EU's ban on anonymous crypto payments to hosted wallets is a landmark decision that underscores the challenges of regulating digital currencies. The...

Senators pressure SEC’s Gensler not to approve any more crypto ETFs

Two prominent Democratic senators have voiced their concerns directly to Gary Gensler, urging a halt to the further approval of crypto ETFs. ...

Kraken Lawsuit Spotlights SEC’s Crypto Clampdown

SEC Commissioner Hester Peirce voiced a striking critique of the agency's stern posture toward the crypto community. The SEC's stance faced a...

Nigeria’s Crypto Triumph: Shattering CBN Restrictions Amid Global Crypto Winter

In 2021, the CBN warned banks and financial institutes that facilitating payment for cryptocurrency changes was prohibited. In the first three months of...

US Court Finalizes Binance Case

The U.S. Court ordered the top crypto exchange to pay $2.7 billion and Changpeng Zhao to pay $150 million to the Commodity Futures...

Sam Bankman-Fried trial enters final stages ahead of conclusion

The Sam Bankman-Fried trial reveals the cryptocurrency industry's financial complexities and ethical issues. The prosecution has highlighted deceptive practices and an $8...