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…
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…
Africa’s largest independent asset manager issues a stark warning: limit Bitcoin to 5% of portfolios. Sygnia, managing $20B in assets, counters the hype despite BTC’s 82% annual surge and $100K milestone. CEO Magda Wierzycka cites volatility risk as AltVest goes “all-in” with treasury reserves. For African investors facing currency instability and capital shocks, diversification trumps maximalist strategies. Learn why sustainable crypto adoption requires strategic allocation, not reckless wagers.
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…
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…
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…
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…
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…
Crypto ETF inflows surged to $1.9 billion last week, marking a ninth consecutive week of growth. With Bitcoin trading near $106,000 and BlackRock dominating the field, discover how institutional giants are driving market resilience and pushing AUM to $179 billion despite global uncertainty.
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…
