Author: Louis Dike
Louis Dike
Louis Dike is the Publisher of Coinafrica, leveraging years of experience driving growth for global exchanges like Bybit, Bitget, and VTrader across Africa. A former Binance Tutor, he now channels his expertise into clear, insightful reporting that amplifies Africa’s voice in the global Web3 economy.
Africa’s crypto market is buzzing with regulatory developments this week. As of 3 October 2025, three major players — Nigeria, Kenya, and South Africa — are setting the tone for the continent’s digital asset future. From tighter taxation in Nigeria to Kenya’s landmark VASP bill, here’s what’s shaping Africa’s crypto economy today. Nigeria: Stricter Rules and Taxation Ahead Nigeria continues to be the largest crypto hub in Africa, but regulators are tightening their grip: Despite these moves, Nigeria’s P2P markets remain resilient, with adoption driven by cross-border remittances and a hedge against naira volatility. Kenya: VASP Bill Gains Momentum Kenya…
Currency swings are once again fueling the debate on crypto’s role in Africa’s financial system. The latest FX trends show Nigeria’s Naira gaining strength, while Ghana’s Cedi is weakening — trends that directly impact everyday businesses and households. For many, these shifts underscore why digital assets, particularly stablecoins, have become essential tools. Traders and consumers in both countries increasingly turn to USDT and Bitcoin as hedges against volatility. See more related: Ghana Begins Mandatory Registration for Crypto Firms as Full Licensing Framework Heads to Parliament Analysts note that when the Naira strengthens, crypto activity shifts more toward investment and remittance…
Despite being a global leader in grassroots crypto adoption, cash still dominates Africa’s economy. Small businesses, street markets, and even large sectors remain overwhelmingly cash-based, slowing down digital transformation. But a new bridge is emerging: crypto adoption in Africa. Stablecoins, Bitcoin, and payment platforms are increasingly filling the gap between cash and digital finance. Unlike traditional banks or fintech apps, crypto provides fast, borderless, and inflation-resistant transactions. See more related: Africa Could Lead with Local-Currency Stablecoins Amid Regulatory Shifts Analysts believe that while cash will remain central for years, crypto is positioning itself as the bridge to financial inclusion. For…
Morocco finds itself at a crossroads in 2025. While cryptocurrency transactions remain officially prohibited, the central bank is actively drafting a crypto regulatory framework and exploring a digital currency (e-Dirham). At the same time, Moroccan users continue to engage in peer-to-peer (P2P) crypto trading, placing the country among the top 25 globally in crypto adoption. The Ban and the Reality Since 2017, Morocco has maintained a blanket ban on crypto transactions. But enforcement has not stopped activity: This paradox underscores the gap between regulation and on-the-ground reality. See more related: 31,000+ South African Merchants Can Now Accept Crypto Payments Central…
Ripple’s new RLUSD stablecoin is gaining attention as a potential disruptor in Africa’s $329 billion remittance market. With cross-border payments remaining expensive and slow across much of the continent, RLUSD is being positioned as a cheaper, faster alternative to traditional banking rails. Why Remittances Matter in Africa Remittances are a lifeline for millions of African households: Ripple argues that stablecoins like RLUSD can cut these costs dramatically while improving speed and access. See more related: RLUSD Stablecoin Expands Into Africa Through Chipper Cash, VALR, and Yellow Card What RLUSD Brings to the Table Challenges Ahead The Bigger Picture If successful,…
SWIFT, the backbone of international payments, is working with over 30 global banks on a new blockchain-based overhaul of cross-border settlement systems. The initiative aims to modernize financial infrastructure, cut costs, and enable real-time, 24/7 global payments — with potential implications for Africa, where remittances and cross-border trade are lifelines. Why SWIFT is Moving to Blockchain For decades, SWIFT’s messaging network has been the gold standard for international transfers. But critics argue it is slow, expensive, and outdated. With blockchain technology reshaping global finance, SWIFT is seeking to remain relevant by: What This Means for Africa Challenges Ahead See more…
In a move that reflects rising confidence in crypto infrastructure, Kraken is reportedly in advanced discussions to raise a new funding round that could value the company at approximately $20 billion. A strategic investor is expected to commit between $200 million and $300 million to the round. This prospective raise would follow Kraken’s previous major funding event earlier in 2025, which valued it at $15 billion. What the Deal Could Look Like See more related: Circle Ventures Backs CV VC’s $20M African Blockchain Fund Why It Matters Outlook & What to Watch
Nigeria is intensifying its fight against fraudulent crypto platforms after schemes like Crypto Bridge Exchange (CBEX) allegedly trapped more than $800 million in user funds. The EFCC has launched investigations and public awareness campaigns to protect investors.
Lesetja Kganyago, Governor of the South African Reserve Bank (SARB), has warned that soaring cryptocurrency prices may represent “asset bubbles” forming in local and global markets. Speaking at a financial stability event, Lesetja Kganyago emphasized the need for robust regulation to safeguard investors and prevent systemic risks. While South Africa is one of the few African nations with a structured crypto licensing framework, Kganyago’s remarks suggest authorities remain cautious about rapid crypto growth. See more related: South Africa Publishes Draft CARF Regulations; Crypto-Asset Reporting Framework to Come Into Force March 2026 His comments come amid a surge in retail participation…
Crypto exchange Bitget has launched a blockchain and stock investing education program in Lagos, Nigeria, aimed at youth and first-time investors. The initiative is designed to bridge knowledge gaps around digital finance, blockchain, and traditional markets. By focusing on financial literacy, Bitget hopes to expand responsible crypto adoption and reduce risks often tied to misinformation and speculation. See more related: Blockfest Africa 2025 Arrives in Lagos: Web3 Builders, Creators & Innovators Unite Nigeria remains one of the fastest-growing crypto markets globally, with young people driving adoption. Educational programs like this provide on-the-ground support for communities, empowering new users with skills…