Author: Kritika Mehta

The National Treasury in South Africa has postponed the final date for comments on the draft Capital Flow Management Regulations 2026, formerly the Exchange Control Regulations of 1961. The delay is due to the crypto sector’s widespread worry regarding the rules on transactions across borders. The Treasury said many of the responses were submitted since the publication of regulations on April 17. These concerns were directed at “the treatment, possession and trade of crypto assets, specifically the potential restrictions on cross-border transactions,” they said. The South Africa Treasury Responds To Concerns About Cryptocurrencies In a recent media update, the Treasury…

A series of new listings for local stablecoin issuer Stable Naira’s naira-pegged stablecoin SNR emerged on various Tier-2 crypto platforms. Moreover, it marks a great rest as the stablecoins market is accelerating in Nigeria. Stable Naira Expands Distribution For SNR Stablecoin In Nigeria The company shared that it had received listings on several Tier 2 platforms in its bid to gain visibility in the digital asset space over the weekend. In a statement posted on X, StableNaira said: “Over the weekend, we listed StableNaira / SNR on a lot of Tier 2 listing platforms across the digital economy.” The firm…

Officials of top crypto companies like Binance, Bitget and Crypto.com will attend Finance Magnates Africa Summit 2026. The event will commence at the Cape Town International Convention Centre (CTICC) in South Africa on May 26–27. What Is The Finance Magnates Africa Summit All About? The event is organized by Finance Magnates under the FM Summits series. It will feature industry speakers, such as senior executives in the fintech sector, brokers, traders, investors and policy makers. They are expected to speak about the key transformations influencing Africa’s digital asset and trading industry. Moreover, the summit is viewed as one of the…

Stable Naira has announced the successful completion of the final audit of its stablecoin project for Nigeria. It represents a major feat amid the growing compliance measures related to crypto in the country. The Nigeria-centric stablecoin project, Stable Naira (SNR), took to social media to announce this achievement. It has been revealed that it has completed its “complete and final audit” by CertiK, a blockchain security firm. The move comes as the firm aims to become a compliant and secure stablecoin pegged against the Nigerian Naira. On X, the team noted, “We are excited to announce the complete and final…

EasyOnRamp, a cryptocurrency payment platform based in South Africa, has launched a crypto payment card powered by Visa. It will enable its users to spend cryptocurrencies like Bitcoin, Ethereum and USDT in their daily lives throughout the country. About EasyOnRamp’s Visa-Backed Crypto Cards The company announced crypto card rollout on its website and social media. The team claimed that the product is “the easiest way to spend your crypto like real money in South Africa”. Users will have the option to “load with USDC, BTC, ETH & more” and use the card “anywhere Visa is accepted”, the platform added. EasyOnRamp…

Africa Bitcoin Corporation has announced that it will transition its listing from the JSE AltX, where it has traded for the past two years, to the JSE Main Board on May 22. It represents a major step to gain more recognition and institutional ownership. The company in a post on X said that the decision was“more than a change of listing category.” It added that Main Board companies operate under “higher standards of governance, disclosure, liquidity and institutional eligibility.” The Johannesburg-based company said the move has been approved by the JSE and will impact on all four share classes classified…

The total value of all cross-chain bridge exploits in 2026 has exceeded $328 million in eight distinct incidents. These losses occur as crypto hackers’ attacks against interoperability protocols for transferring assets between different blockchain networks have increased. Crypto Hackers Rake In $328 Million Via Cross-Chain Attacks The updated numbers from PeckShield indicated that the crypto industry has lost $328.6 million due to cross-chain hacks. The most recent attack occurred on May 18 when the Verus-Ethereum Bridge suffered $11.4 million in losses. Moreover, on May 15, THORChain had already been hit with a second $10 million hack. The biggest attack of…

During the Kenya Blockchain & Crypto Conference 2026, the major exchanges in the crypto space detailed their intentions to deepen their involvement in Africa’s payments sector. Speakers indicated that exchanges are no longer just used for trading financially. These exchanges now cater to settlements, treasury services, and compliance systems, as well as business payments across borders. How Exchanges Are Changing Their Approach In Africa Executives revealed their plans during the panel, “The Role of Exchanges in Africa’s Evolving Financial System.” Officials from Luno, Bitget, and Busha spoke about how stablecoins are being incorporated into real business activities. Luno Country Manager…

Tando, a Kenyan Bitcoin startup, has announced that it has now featured Bitcoin Lightning addresses directly on M-Pesa phone numbers. This integration indeed makes it easier to access BTC for almost all mobile money users in the country. On X, the company announced that “40 million Kenyans now have a Bitcoin Lightning address! They didn’t need to sign up for one because they had it this entire time, attached to the phone number in their pocket!” The firm stated that the users could send BTC via the Lightning Network by way of a conventional Kenyan mobile number format of “[email protected].”…

Proposed amendments in the Finance Bill 2026 could enable Kenya Revenue Authority to have access to the records of crypto transactions. The proposed law is currently under consideration by the parliament. For those who don’t know, it aims to demand annual reports from crypto exchanges and virtual asset service providers. The data is expected to help authorities understand how consumers in Kenya use digital assets. Requirements & Penalties Under Proposed Amendment In Kenya The proposed amendments to the Tax Procedures Act would require platforms to report on the purchase price, the sale value, profits, wallet activity and crypto payments made…