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.
A new report shows a major shift in the global and African crypto landscape: institutional investors are significantly increasing their exposure to digital assets. Bitcoin, once considered speculative, is now being treated as a legitimate corporate treasury asset. This marks one of the biggest sentiment shifts since the early days of crypto. Why Institutions Are Moving Toward Bitcoin Analysts cite several factors driving the institutional pivot: The result is a wave of companies — from SMEs to multinationals — allocating small but meaningful portions of their balance sheets to Bitcoin and stablecoins. The Bitcoin Treasury Thesis Goes Mainstream Corporations are…
The South African Reserve Bank (SARB) has issued a new warning highlighting the growing risks posed by cryptocurrencies and stablecoins to the country’s financial system. With adoption soaring across retail and institutional sectors, SARB says the “regulatory blind spots” surrounding digital assets could create systemic vulnerabilities if left unaddressed. The statement reinforces what many analysts have predicted: South Africa is approaching a tipping point where crypto has become too significant to remain lightly regulated. Crypto Activity Surges — but Oversight Lags Behind According to new data cited by the central bank, stablecoin volumes in South Africa have surged to nearly…
Nigeria continues to lead Africa in grassroots crypto adoption, and the latest development reinforces this trajectory: an instant Bitcoin-to-Naira service has officially launched in Lagos, promising reliable exchange rates, automated payouts, and a compliance-driven onboarding process for local users. The platform — Monica.cash — enters a market hungry for stable and predictable off-ramp solutions. For years, Nigerian users have depended heavily on peer-to-peer (P2P) marketplaces to convert BTC to NGN, particularly after several banks restricted direct crypto-related transactions in 2021. This created a fragmented, risk-heavy environment where pricing was inconsistent and fraud risks were elevated. Now, a new phase of…
Brazil is preparing a new tax framework aimed directly at cross-border cryptocurrency transactions, particularly those involving stablecoins. According to policymakers, the move comes as crypto increasingly replaces traditional channels for remittances and international payments. The government plans to extend Brazil’s existing financial transaction tax (IOF) to crypto transfers classified as foreign exchange operations. This means stablecoin transactions that exit or enter Brazil could be taxed similarly to fiat currency FX operations. Why Brazil Is Taking This Approach Brazil has seen a surge in stablecoin usage, both for savings and international transfers. Regulators say this growth has created gaps in tax…
Stablecoins continue to gain traction across Africa, and major corporate partnerships are driving this acceleration. On 15 November 2025, VALR — one of Africa’s largest crypto exchanges — announced a strategic partnership with Mukuru, a cross-border remittance and financial services giant serving more than 17 million users. The collaboration introduces a USD-backed stablecoin wallet offering across multiple African markets, giving users a simple way to save, hold, and transfer digital dollars. USDC Savings for Millions of African Users The partnership focuses on enabling USDC-denominated savings accounts, a product category rapidly gaining relevance in Africa’s volatile FX climate. Key benefits include:…
Africa’s push toward a modern, digital trade system is gaining serious momentum. On 17 November 2025, the African Continental Free Trade Area (AfCFTA) Secretariat — in partnership with the IOTA Foundation, the Tony Blair Institute, and the World Economic Forum — announced a transformative initiative aimed at embedding stablecoin-powered settlement across the continent. The programme, known as ADAPT (Africa Digital Access & Public Infrastructure for Trade), is designed to overhaul how African countries trade with one another by introducing blockchain-powered rails, digitised documentation, and stablecoin settlement systems. A $70 Billion Opportunity for Intra-African Trade AfCFTA’s core mission is to deepen…
MEXC is strengthening its presence in Africa with a major Web3 skills programme aimed at training young people across the continent. According to a report by Punch Nigeria, the initiative includes hands-on blockchain education, developer training, and career-focused workshops. The goal is to equip Africans with the skills needed to thrive in the growing Web3 economy. This development highlights Africa’s growing demand for blockchain expertise and the continent’s potential to become a global leader in decentralized innovation. Why MEXC’s Web3 Training Matters for Africa Africa is one of the fastest-growing crypto markets in the world. However, many countries still face…
Africa’s crypto market continues to expand rapidly—but so do the risks. New data shows the continent loses over $88.6 billion annually to illicit financial flows, a figure that includes growing crypto-linked fraud, hacks, and scam operations. As adoption accelerates, regulators from South Africa to Kenya are raising red flags and tightening cybersecurity requirements for crypto platforms. Rising Threat: Scams, Phishing & Fake Investment Platforms Industry watchers report a surge in: With crypto now more mainstream, scammers are exploiting the onboarding wave of inexperienced users. See more related: Raila Odinga’s “Kenya Token” Deepfake Sparks Crypto Scam Fears in Kenya Regulators are…
Africa’s financial sector just crossed another milestone as Discovery Bank, in collaboration with crypto exchange Luno, introduced the continent’s first fully integrated crypto-trading feature inside a mainstream banking app. This marks one of the strongest signals yet that African banks are preparing for the next phase of financial innovation—one where traditional banking and digital assets coexist seamlessly. A First for Africa’s Regulated Banking Sector The new feature allows Discovery Bank customers to: This integration gives users a regulated and secure environment to interact with crypto, solving long-standing concerns around safety, trust, and banking friction. See more related: Luno Reaches 6.3…
Nigeria’s parliament is taking decisive steps toward regulating the country’s fast-growing cryptocurrency and digital-finance ecosystem. The House of Representatives’ Ad-Hoc Committee on the Economic, Regulatory, and Security Implications of Cryptocurrency Adoption and Point-of-Sale (PoS) Operations reaffirmed its intention to craft a clear legal framework for digital assets and fintech platforms during a stakeholder session in Abuja. Chaired by Olufemi Bamisile, the committee engaged with key cryptocurrency operators, fintech innovators, and regulatory officials — including representatives from major Nigerian exchanges such as Quidax, Busha, and KoinKoin. Bamisile emphasised the importance of supporting innovation while safeguarding transparency, accountability, and financial security. He…