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#Cryptocurrency

Nigeria Crypto Tax 2026 Guide: Calculate and Report Your Gains

Nigeria recorded $92.1B in 12 months of crypto activity; a crypto tax begins Jan 2026 with 15% on gains above ₦800,000.
by Kennedy Embakasi

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 crypto, but exchange restrictions and self-reporting frictions could curb adoption. For some time now, we’ve known that Nigeria is spearheading a comprehensive regulatory and support system for its crypto ecosystem. Alongside its ISA 2025 Bill, pro-stablecoin narrative, a new crypto tax has joined as joined …

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The Next High-Speed L1? Inside Venom’s Strategy to Hit 500,000 Daily Transactions

NFTs, Staking, and Liquidity Tools Expand Venom Ecosystem Reach
by Kennedy Embakasi

TL;DR, Venom blockchain announces ambitious target of 500,000 daily transactions by December 2025, challenging global competitors like Polygon and Arbitrum. UAE-based blockchain platform Venom aims to more than double its current 150,000-200,000 daily transactions through multi-pronged strategies. Venom positions itself as critical Web3 infrastructure by supporting CBDCs, asset tokenization, and offering developer grants while establishing a $1 billion blockchain innovation hub in Kenya. Venom Blockchain made a bold declaration on its X page: 500,000 daily transactions by December 2025. Why is it daring? Because for these UAE blockchain platforms, it’s a direct challenge rivalling global players like Polygon, Arbitrum and …

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‘A False Sense of Security’: Africa’s Prominent Distributor Challenges Bitcoin ETF Narrative

Sygnia urges South African investors to restrict crypto exposure to 5%
by Kennedy Embakasi

TL;DR, Sygnia Ltd. , managing over $20 billion in assets, warns investors to limit crypto exposure to just 5% of portfolios in its Sygnia Bitcoin Fund.  Sygnia advocates diversification, reminding investors that chasing hype can leave portfolios exposed to downturns. The Sygnia Bitcoin Fund, which tracks the iShares Bitcoin Trust ETF, has attracted substantial inflows since its launch. Bitcoin’s adoption grows, more investors line up for ETFs, businesses bank on it as a treasury trust, yet Africa’s largest independent asset manager says: limit your investments to only 5%, as the market tells a different story. In just a few months …

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SARS Eliminates Crypto Anonymity Through CARF Reporting Framework

Inside SARS CARF framework: KYC, Residency Checks, Annual Crypto Reporting
by Kennedy Embakasi

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 to accountability as on‑chain activity is reconciled with off‑chain KYC; coverage extends to crypto, stablecoins, and certain NFTs. The South African Revenue Authority(SARS) just said now more “hidden” crypto transactions are setting up formal legal guardrails for its informal crypto markets. The Crypto-Asset Reporting Framework(CARF), …

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Why Altvest Became Africa’s First Publicly-Listed Firm to Add Bitcoin to Treasury Reserve

From SME Financing to Bitcoin Treasury Pioneer
by Kennedy Embakasi

TL;DR, African Bitcoin Corporation becomes Africa’s first publicly-listed firm to adopt bitcoin treasury strategy, purchasing 1.00464 BTC and raising R3.68 billion to expand holdings.  Equity route gives pensions compliant BTC exposure; dual-engine model blends operating cash flows with appreciating reserves to grow BTC per share via NAV premiums. The company’s “accretive dilution” approach incrementally builds BTC holdings per share while maintaining cash-generating SME financing business. Altvest Capital, the JSE-listed, South African SME financing and financial services firm, made history by becoming Africa’s first organisation to list Bitcoin as its primary treasury reserve asset. Following this bold step, the platform rebranded …

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

Nigeria's $500 Million Crypto Market Faces New Tax Framework in 2026
by Kennedy Embakasi

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 detailed transaction records before January 2026 or face penalties up to ₦10 million. Nigeria has taken its regulation to the next step, introducing crypto tax laws through the Nigeria Tax Administration Act 2025(NTAA). The region, a constant reference point from Chainalysis for its high transaction …

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Tunisian VC Doubles Hedera Hackathon Prize Pool to $2M

UGFS North Africa Investment Doubles Hackathon Prize Pool to $2 Million
by Kennedy Embakasi

TL;DR, The Hedera hackathon 2025 prize pool doubled to $2M with UGFS North Africa’s investment. Africa’s largest blockchain competition combines $2M in prizes with extensive developer training through 100+ university partnerships, focusing on practical solutions for finance, sustainability, identity, and gaming applications. The expanded hackathon program offers Hedera network certification, technical workshops, and hands-on guidance from certified engineers. The Hedera Hackathon 2025 just got an upgrade with the United Gulf Financial Services Stream (UGFS) North Africa, a Tunisian Venture Capital Fund, doubling its price pool from $1 million to $2 million. Together with the Hashgraph Association and the Exponential Science …

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CBN compliance Department Introduces Proactive Measures Against Financial Crime

ISO Standards Migration Mandates Complete Payment Ecosystem Participant Compliance
by Kennedy Embakasi

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 20022 migration for all payment ecosystem participants while establishing proactive measures against sophisticated multichannel financial attacks. The CBN compliance department is Nigeria’s next step in structuring better regulations for its evolving financial space. The region has made numerous steps from its Investments and Securities Act …

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Digital Asset Adoption in Africa Creates New Economic Opportunities Nationwide

South Africa's Licensed Exchanges Create Foundation for Continental Cryptocurrency Growth
by Kennedy Embakasi

TL:DR, Africa’s digital asset adoption grows 7.86% annually, led by South Africa’s licensed exchanges and progressive regulatory frameworks. African nations pioneer blockchain innovation through strategic policy development, creating new economic opportunities across the continent. Licensed cryptocurrency platforms in South Africa and neighboring countries attract international investment while building consumer trust. Africa has been in the spotlight of the web3 community and digital asset adoption. Its diversity and low adoption of Web2 have conditioned the regions to adopt and integrate blockchain technology at a much faster rate than usual. The region is at the forefront of technological revolutions like Decentralized Finance, Decentralized applications …

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Binance Nigerian Operations Hit Major Roadblock With Executive Detention

Executive Detention Creates Unprecedented Regulatory Obstacles For Binance Nigerian Licens
by Kennedy Embakasi

TL:DR, Binance license application in Nigeria remains stalled due to Tigran Gambaryan’s detention, creating unprecedented regulatory compliance challenges for the global crypto exchange. Nigeria’s evolving cryptocurrency regulations present complex hurdles for international exchanges seeking to establish compliant operations in Africa’s major crypto market. The situation highlights broader challenges facing global crypto businesses navigating emerging market regulations while maintaining user trust and operational continuity. With SEC regulations becoming a must-have within Africa, obtaining a Binance license in Nigeria has proven quite the conundrum. Their efforts to align with Nigerian cryptocurrency regulations depend heavily on Tigran Gambaryan’s being released from detention. This situation …

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