TL;DR, South Africa’s FSCA warned against MMM Krypto, an unlicensed crypto scheme promising 24-36% monthly returns through aggressive social media campaigns. The scheme follows the blueprint of MMM Global, which defrauded millions across Nigeria, Zimbabwe, and Russia, causing billions in losses. Using USDT transfers and a “mutual aid” facade, the platform requires participants…
TL;DR, The Core DAO Africa Innovation Fund is deploying $5 million to support Web3 builders, offering a crucial lifeline in a market where the average deal size for African startups dropped by 44% in 2024. This hybrid initiative moves beyond simple cash injections by connecting developers with technical infrastructure, a network of 50+…
When South Africa’s Financial Sector Conduct Authority (FSCA) officially called crypto assets “financial products” under the Financial Advisory and Intermediary Services (FAIS) Act, it was the first time in Africa that digital assets were accepted. The FSCA crypto license framework has now processed more than 400 applications since the application window closed on November 30,…
Fonbnk’s partnership with Avalanche lets users in select African markets convert prepaid airtime into USDC and other tokens via a simple, bankless on-ramp designed for cross-border payments and everyday DeFi access.
World and FWB DAO are exploring Proof-of-Personhood, how World ID verifies real humans (without doxxing) and why privacy and regulation, especially in Africa, pose some adoption issues.
Web3 Neobank Canza Finance raised $2.3 million as it scales Baki, a synthetic FX DeFi platform using USDC-collateralized zTokens to lower cross-border payment costs for African SMEs.
TL;DR, The new Paycorp partnership enables crypto ATM withdrawal capabilities at over 3,000 Cash Express machines across South Africa, allowing users to cash out up to R5,000 ($293) per transaction without a bank card. Using the CryptoExpress app, South Africans can complete light KYC, send crypto on-chain, receive a voucher PIN and withdraw rand from…
TL;DR, The cNGN stablecoin is Nigeria’s regulated, naira-backed digital currency that succeeded where the eNaira failed, surpassing 1 billion tokens in circulation by late 2025. Unlike the faltering eNaira CBDC, the privately-issued cNGN stablecoin focused on interoperability, fintech integration, and low-cost utility, driving rapid adoption across Nigeria. Backed by Nigeria’s National Blockchain Policy,…
Japan-based Ninja Game Guild targets Africa’s 349 million gamers with a phygital Web3 strategy. Through partnerships with Awujo, KryptaPay, and its AKIVERSE platform, NGG builds sustainable gaming communities in Nigeria, focusing on education over volatile play-to-earn models and addressing crypto-to-cash barriers.
TL;DR, The Nigeria crypto ban is officially lifted following a period where P2P inflows hit $59 billion, though new regulations strictly control how licensed firms interact with banks. Nigeria’s crypto rules have evolved from blanket banking exclusions to a dual‑regulator framework where CBN and SEC license VASPs, tax capital gains, and force naira‑only,…
You must be logged in to post a comment.