#Compliance - Web3Africa

Kenya’s 2025 Crypto Bill Officially Becomes Law: A Trader’s Guide to VASP Licensing and Compliance

KenMichaelsOctober 15, 2025October 16, 2025012 mins

TL;DR, Kenya’s VASP bill is now law—six‑month grace period for existing platforms, with penalties up to KES 10M ($77,400) or 10 years in prison. Twin‑pillar oversight by CBK and CMA; strict AML/CFT/CPF, cybersecurity controls, asset segregation, and seven‑year record‑keeping anchor day‑to‑day compliance. Licensing requires applications, fit‑and‑proper leaders, independent boards, annual renewals, audited financials,…

Nigeria Crypto Tax 2026 Guide: Calculate and Report Your Gains

KenMichaelsOctober 7, 2025July 30, 2026011 mins

TL;DR, Nigeria’s new crypto tax takes effect January 2026, targeting $92.1 billion in annual transactions with a 15% tax on gains above ₦800,000. Individual traders must self-report crypto profits while VASPs face strict record-keeping requirements, periodic transaction reporting, and potential license revocation for non-compliance. Fast-moving regulation (ban lifted, securities classification, CNGN push) aims to formalize…

SARS Eliminates Crypto Anonymity Through CARF Reporting Framework

KenMichaelsSeptember 23, 2025July 30, 2026010 mins

TL;DR, CARF Framework forces South African crypto exchanges to report all transactions above R5,000 starting March 2026, ending crypto anonymity. SARS opens public consultation until October 2025 for new crypto reporting rules that will require exchanges, brokers, and wallet providers to verify user identities and report annual transactions to tax authorities. Focus shifts from anonymity…

Nigeria’s 2025 Crypto Tax Guide: What Traders, Developers and VASPs Must Know Before Jan 2026

KenMichaelsSeptember 22, 2025July 29, 2026011 mins

TL;DR, Nigeria’s new crypto tax laws under the NTAA define virtual assets, tax profits, staking, airdrops, services, and require VASPs to comply before 2026. The regulations clarify taxation points across trading, payments, and licensing, while introducing penalties, Howey Test rules, and updated compliance obligations. All VASPs must obtain proper licensing, implement KYC/AML systems, and maintain…

CBN compliance Department Introduces Proactive Measures Against Financial Crime

KenMichaelsSeptember 8, 2025July 30, 202608 mins

TL;DR, The CBN compliance department launched in Q1 2025 addresses Nigeria’s 45% surge in fraud incidents and $2 million in flagged suspicious cryptocurrency transactions through specialized financial crime supervision. Nigeria’s Central Bank restructured its regulatory framework to tackle cybersecurity vulnerabilities and digital asset risks through dedicated compliance oversight across all financial institutions. CBN mandates ISO…

ChainPal Review: The Invisible Wall Between Your Work and Your Wallet.

KenMichaelsAugust 19, 2025July 29, 202608 mins

In Brief Stablecoin payouts via ChainPal enable near-instant conversion to mobile money and bank accounts, cutting remittance fees and settlement times. ChainPal’s AI matching engine plus enterprise security and KYC create compliant, low-cost payout rails for freelancers, builders, and SMEs. ChainPal offers professional invoices and automated payouts, reducing fees and enhancing efficiency. Stablecoin payouts have…

SA Slams the Door on Crypto Loopholes: Cross-Border Rules Drop in 2025!

KenMichaelsAugust 18, 2025January 30, 202608 mins

South Africa rejects exchange control exemption for SARB-led crypto framework after Judge Motha rules “cryptocurrency is not money.” Financial Regulators Steering Committee establishes CASP cross-border reporting closing 1961 Exchange Control loopholes. FICA subjects Luno, VALR, Binance to AML/CFT/CPF as Luno flags onshore/offshore gap hindering institutional adoption. Framework resolves “money” vs “capital” dichotomy within year

We Built the Tooling We Wished Existed: The Infrastructure Powering Africa’s Stablecoin Boom

KenMichaelsAugust 18, 2025July 30, 2026013 mins

Born from LazerPay’s shutdown frustration, Blockradar now processes $100M+ in stablecoin transactions with non-custodial wallet infrastructure that feels custodial. COO Morgan Williams, veteran of Coinbase and Coins.ph, empowers African fintechs to offer embedded crypto wallets without complex builds. Founded by Abdulfatai Suleiman after “opinionated” providers blocked his vision, Blockradar tackles Africa’s remittance challenges across Nigeria-Kenya-Asia corridors.

HoneyCoin Secures $4.9M to Expand Instant Stablecoin Payments

KenMichaelsAugust 12, 2025February 2, 202608 mins

Kenyan fintech HoneyCoin raises $4.9M led by Flourish Ventures to tackle Africa’s $329B cross-border market. Processing $150M for 50 enterprises and 360K users, the platform uses AI-powered stablecoin rails for instant settlements. Holding MSB, VASP licenses across US, Europe, and Africa, HoneyCoin expands to Mozambique, Zambia, Latin America with Visa-backed debit cards and BaaS solutions driving stablecoin adoption.

Pioneering Crypto Forensics: EOCO’s Breakthrough in Virtual Asset Investigations and Recovery

KenMichaelsJuly 16, 2025July 20, 202509 mins

With digital assets growing steadily as an alternative means to income and transactions in West Africa, Ghana has taken the next step in providing better crypto investigation, countering the growing rate of Virtual asset fraud. In Brief Crypto investigations in Ghana reach new heights as EOCO secures forensic licenses to trace, confiscate, and return stolen…

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Tag: #Compliance

Kenya’s 2025 Crypto Bill Officially Becomes Law: A Trader’s Guide to VASP Licensing and Compliance

Nigeria Crypto Tax 2026 Guide: Calculate and Report Your Gains

SARS Eliminates Crypto Anonymity Through CARF Reporting Framework

Nigeria’s 2025 Crypto Tax Guide: What Traders, Developers and VASPs Must Know Before Jan 2026

CBN compliance Department Introduces Proactive Measures Against Financial Crime

ChainPal Review: The Invisible Wall Between Your Work and Your Wallet.

SA Slams the Door on Crypto Loopholes: Cross-Border Rules Drop in 2025!

We Built the Tooling We Wished Existed: The Infrastructure Powering Africa’s Stablecoin Boom

HoneyCoin Secures $4.9M to Expand Instant Stablecoin Payments

Pioneering Crypto Forensics: EOCO’s Breakthrough in Virtual Asset Investigations and Recovery

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