TL:DR, Kenya VASP Bill clears third reading; existing providers get six months to apply, with VASP fines up to $154,000 and individuals facing up to 10 years. The bill establishes a “twin-pillar” regulatory model, appointing the Central Bank of Kenya (CBK) and Capital Markets Authority (CMA) as joint regulators to oversee all crypto…
TL;DR, Lisk has launched the $15M Lisk Empower Fund to invest in 40 Web3 startups, capitalizing on emerging markets that deliver 9-11% annualized returns traditional VCs often overlook. The fund focuses on startups providing real-world utility in areas like payments and supply chains, offering checks from $250k to $750k and hands-on advisory to prepare them for global…
TL:DR, Pesalink processed over 8.2 million transactions but still struggles to deliver true payment interoperability across Kenya’s fragmented financial system. Kenya’s payment ecosystem is fragmented with banks, mobile money, and fintechs on separate rails, creating inefficiency and high costs for users and merchants. PesaLink’s future as a universal payment rail is uncertain, facing challenges from…
The Stellar Community Fund awarded $2.57M globally, with six African startups securing $437,500 for local innovation. Freedom PayWallet received $150,000 to scale financial aid in Gambia and Tanzania , while Minah secured $97,500 for RWA tokenization in West Africa. These projects use Soroban smart contracts to solve real-world challenges, proving Africa’s lead in blockchain utility.
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…
TL;DR, Africa’s crypto economy surged 52% to $205 billion, ranking third globally as stablecoins provide inflation protection amid currency volatility. Nigeria leads with $92.1 billion in crypto flows, while peer-to-peer platforms replace expensive traditional remittance services. Institutional adoption grows as South African banks offer digital assets and Nigerian regulators partner with Chainalysis for transparency. Africa’s…
TL;DR, Luno introduces tokenized stocks in South Africa and Nigeria, allowing investors to access US equities through blockchain technology with lower barriers to entry. African investors can now purchase fractional shares of major US companies through Luno’s platform, bypassing traditional forex complications and high fees. The new tokenized stock feature offers 24/5 access, instant settlement,…
TL;DR, Kredete secured $22M Series A funding to take its stablecoin credit card services to the next level, serving 700,000+ monthly users across 30+ African countries with $500M+ in cross-border remittances. AfricInvest, Partech, and Polymorphic Capital funded Kredete’s expansion plans, bringing total funding to $24.75M since 2023 as the platform becomes Africa’s largest payment aggregation…
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…
TL;DR, Yellow Card becomes core Fireblocks’ $10 trillion stablecoin payment network, connecting Africa’s $53 billion transaction volume to enterprise-grade infrastructure with unified APIs and global reach. The partnership transforms Yellow Card’s manual processes into automated, secure systems while positioning Africa as a proving ground for blockchain’s real-world financial impact. Fireblocks’ network spans 100+ countries supporting…
You must be logged in to post a comment.