#Policy - Web3Africa

Nigerian Crypto Community Demands Better Regulations During Governance Protests

KenMichaelsAugust 16, 2024August 30, 202509 mins

TL;DR, Nigerian crypto community demands comprehensive crypto reforms during #EndBadGovernanceInNigeria protests, while government points to existing blockchain policy progress. Industry leaders debate whether current government blockchain efforts are sufficient, pushing for faster VASP regulation implementation. Nigeria’s blockchain leadership faces pressure as communities seek government collaboration for comprehensive development frameworks beyond trading. After the ongoing #EndBadGovernanceInNigeria…

Zimbabwe Government Launches Comprehensive Study for Digital Asset Regulation

KenMichaelsJune 25, 2024September 13, 202508 mins

TL;DR, Zimbabwe crypto regulation study launched June 12 with committee collecting data from local crypto companies, submission deadline June 26, aiming to map ecosystem and address money laundering risks. Government seeks comprehensive understanding of virtual asset industry through consultative approach, inviting both local and international firms to contribute to upcoming regulatory framework. Facing ongoing economic…

Inter-agency coordination strengthens Nigeria’s crypto regulation and market integrity framework

KenMichaelsApril 19, 2024November 2, 202509 mins

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,…

The Fragmented Landscape of Crypto Regulation in Africa | Update | Web3Africa

KenMichaelsAugust 31, 2023August 25, 202509 mins

TL:DR, Crypto regulation in Africa varies dramatically across the continent, with approaches ranging from outright bans to legal tender status, creating a fragmented landscape. African regulators face unique challenges with decentralized technologies, including jurisdictional questions and keeping pace with rapid innovation. Effective frameworks must balance innovation with consumer protection while addressing Africa’s specific economic needs and…