#MoneyLaundering - Web3Africa

The African Crypto Code: Regulating Digital Currency Across Borders

KenMichaelsMarch 8, 2025February 2, 2026015 mins

Bitcoin’s $100K milestone ignites Africa’s blockchain law urgency. From South Africa’s crypto ATMs to Kenya’s 20% excise tax and Nigeria’s eNaira CBDC, nations tackle DeFi regulations, AML compliance, and cross-border disputes. With $23.8B in illicit crypto flows (2022), Ghana, Mauritius, and Egypt deploy smart contract frameworks while Chainalysis tracing tools combat money laundering, positioning Africa to lead, not follow.

Kenya Becomes Hideout for Fugitive Binance Executive Nadeem Arjarwalla

KenMichaelsMay 24, 2024September 24, 202509 mins

TL;DR, A Binance executive facing money laundering and Naira manipulation charges escaped to Kenya, sparking EFCC, Interpol, and Kenyan police collaboration for extradition. The executive was detained in February alongside Tigran Gambaryan following accusations of Naira manipulation and illicit transactions. This case represents Nigeria’s aggressive stance on crypto regulation after CBN governor cited “suspicious flows” on Binance….