In Brief Crypto Ponzi schemes are now explicitly illegal under ISA 2024, with operators facing up to ten years imprisonment and heavy fines. SEC Nigeria gains authority to regulate digital assets, freeze scam-linked accounts, and enforce KYC/AML standards on all VASPs. Mandatory registration, enhanced investor protections, and global compliance benchmarks lay the groundwork for a secure, innovative…
CBEX Ponzi scheme collapsed in April 2025, trapping thousands of Nigerian and Kenyan investors. EFCC crypto scam investigation is now in full swing, with global agencies like the FBI and Interpol involved. Exploiting economic hardships, an AI-powered trading scam Kenya narrative lured victims with unrealistic returns. Cryptocurrency is among the most lucrative ventures today, possibly…
The Nvidia crypto lawsuit highlights how financial transparency can drive trust in blockchain adoption. Nvidia faces a significant legal battle for allegedly misrepresenting its GPU sales to crypto miners. The Supreme Court dismissal underscores the need for transparency in crypto-related businesses. The Nvidia crypto lawsuit has captured investors and industry experts, drawing their attention to…
EA Capital received a CASP license from the FSCA in South Africa. The FSCA’s strict regulations aim to strengthen investor safety and marketplace credibility across Africa. South Africa’s regulatory approach serves as an inspiration for other investors and innovators. EA Capital has made exquisite strides in South Africa’s cryptocurrency area by receiving a Cryptocurrency Asset…
TL;DR, CBN names SEC lead for crypto regulation, marking a shift from the Feb 5, 2021 bank-crypto ban and realigning with SEC’s Sept 14, 2020 guidelines. Binance-related pressures spurred clarity; the SEC leads while CBN coordinates with EFCC and ONSA to strengthen enforcement and market integrity. This shift aligns Nigeria with global trends,…
