#VASP - Web3Africa

Ethiopia Launches National Strategy for State-Led Hydropowered Bitcoin Mining

KenMichaelsFebruary 6, 2026February 6, 2026015 mins

Ethiopia is revolutionizing its energy economy by transitioning from a passive landlord to an active equity partner in hydropowered bitcoin mining. Spearheaded by Ethiopian Investment Holdings (EIH), this state-led move under the Digital Ethiopia 2030 strategy leverages GERD’s renewable surplus to generate foreign exchange. Explore the new 2026 tariff structures and the ambitious roadmap for Africa’s fastest-growing mining hub.

Kenyan Regulators Prioritize Consumer Protection, Vendor Risk Mapping, and AML/CFT Oversight

KenMichaelsNovember 7, 2025November 13, 2025010 mins

TL;DR, At Kenya’s 16th annual retreat, seven financial regulators launched FinAccess sectoral reports (2006–2024) to steer vendor risk mapping, consumer protection, and AML/CFT. Kenya’s new Virtual Asset Service Providers (VASP) Act of 2025 formally regulates the crypto industry, assigning joint oversight to the Central Bank and Capital Markets Authority to manage everything from…

83 Arrests in $260M Crypto Terrorism Financing Crackdown Across 6 African Countries

KenMichaelsOctober 27, 2025October 27, 2025012 mins

TL;DR, INTERPOL’s “Operation Catalyst” cracked down on crypto terrorism financing across six African nations, uncovering $260M in suspicious flows and leading to 83 arrests. The operation succeeded by combining law enforcement with blockchain intelligence from private firms like Binance, allowing investigators to trace illicit funds used for recruitment and radicalization. In response to these threats,…

Four African nations removed from the FATF grey list in 2025.

KenMichaelsOctober 27, 2025October 27, 2025011 mins

TL;DR, Nigeria, South Africa, Mozambique and Burkina Faso exit the FATF grey list. The countries achieved this by implementing major reforms, including South Africa’s new crypto (VASP) regulations and Nigeria’s improved collaboration between its Central Bank and financial intelligence units to tackle money laundering. FATF delisting hinges on 40 Recommendations, 11 Outcomes, and…

Nigeria Crypto Tax 2026 Guide: Calculate and Report Your Gains

KenMichaelsOctober 7, 2025July 30, 2026011 mins

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…

$2.1B Red Flag: West Africa Logs Suspicious Crypto Transactions Calling For Proper Oversight

KenMichaelsAugust 8, 2025January 28, 202608 mins

$2.1 billion in suspicious crypto transactions exposed across West Africa, proof that anonymity and fragmented regulation fuel fraud at scale. Nigeria SEC champions ECOWAS-wide VASP licensing and AI-powered blockchain analytics to combat cross-border scams. Following CBEX’s $840M disaster affecting 300,000 victims, regulators are deploying investor education and unified frameworks. The verdict: single-nation oversight can’t stop regional criminals. Collaboration is survival.

Is Crypto Legal Again? Unpacking the Nigeria Crypto Ban Reversal

KenMichaelsJanuary 5, 2024December 16, 2025014 mins

TL;DR, The Nigeria crypto ban is officially lifted following a period where P2P inflows hit $59 billion, though new regulations strictly control how licensed firms interact with banks. Nigeria’s crypto rules have evolved from blanket banking exclusions to a dual‑regulator framework where CBN and SEC license VASPs, tax capital gains, and force naira‑only,…

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Ethiopia Launches National Strategy for State-Led Hydropowered Bitcoin Mining

Kenyan Regulators Prioritize Consumer Protection, Vendor Risk Mapping, and AML/CFT Oversight

83 Arrests in $260M Crypto Terrorism Financing Crackdown Across 6 African Countries

Four African nations removed from the FATF grey list in 2025.

Nigeria Crypto Tax 2026 Guide: Calculate and Report Your Gains

$2.1B Red Flag: West Africa Logs Suspicious Crypto Transactions Calling For Proper Oversight

Is Crypto Legal Again? Unpacking the Nigeria Crypto Ban Reversal

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