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,…
The entire crypto market focused on a common enemy seeking justice, Sam Bankman-Fried, the man who almost collapsed the entire industry. As the list of allegations against him grew, federal prosecutors made an unexpected decision not to pursue a second trial. SBF dropped charges is an unexpected turn with 5 additional counts, “overlooked”. This included…
PayBito extends its white-label crypto exchange to Africa, offering startups a faster path to launch. But speed brings trade-offs in control, custody, and trust.
Pave Bank, a Singapore-headquartered digital commercial bank, closed a $39 million Series A funding round led by Accel and Tether Investments. While the announcement drew much attention, what’s most peculiar is the bank’s unusual proposition: a fully licensed institution offering programmable money. The partnership intends to create a platform that allows institutional clients to automate…
Jack Dorsey is betting that cross-border payments can be made cheaper and easier to integrate without recreating the “centrally” dominated crypto and fiat rails. On December 1, 2023, Block Inc.’s tbDEX protocol went live in Africa through Yellow Card as its first major Participating Financial Institution (PFI), and later with Chipper Cash joining the network. This is…
In December 2023, Kenyan e-commerce startup Copia Global and payment giant Visa announced a five-year partnership to roll out the Copia digital wallet across more than 50,000 rural agents in Kenya. The Visa-powered wallet promises to combine shopping, credit, savings, and money transfers into one “super-app” that will help people in Africa get access to…
In November 2023, the Australian Tax Office (ATO) published updated web guidance that mainly echoed that they were in charge and not the industry. The Australian crypto tax guidance will treat DeFi actions (including “wrapping” and “unwrapping” tokens) as capital gains tax events. However, within weeks, responses to its efficiency were harsh. arrison Dell, director of crypto tax laws specialist…
The debate around central bank digital currencies is almost obsolete, with Africa already learning from past scenarios. For instance, the Central Bank of Nigeria (CBN) made a striking confession at the Cedi @ 60 conference. “It’s not a rosy story… Nigerians were not interested in the eNaira… The market was already providing solutions.“ These candid…
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