Author: Opeloyeru Batly

Kenya’s Capital Markets Authority (CMA) has flagged 15 entities accused of offering investment services or soliciting funds without the required licences and approvals. The warning includes several firms linked to cryptocurrency and digital-asset investment activities. The regulator says the entities are now subject to active criminal investigations. The development highlights growing regulatory pressure on Kenya’s expanding digital investment market, as more investors turn to online platforms for cryptocurrency, forex and other financial products. Kenya CMA Flags 15 Investment Entities In a statement issued on September 11, the CMA cautioned the public against dealing with 15 named entities. The list includes…

For years, crypto payments have promised to make digital assets useful in everyday life. However, spending crypto has often required users to move between wallets, exchanges, and payment services. MoneyGram is taking a different approach. Its newly launched MoneyGram Card allows users to hold a stable-dollar balance and spend through the Visa network. The product is available first in Colombia, with plans to expand to more markets in the coming months. The launch matters because it brings stablecoin infrastructure into a payment experience that many consumers already understand. MoneyGram Connects Stablecoins to Everyday Spending The MoneyGram Card works as a…

South Africa’s financial regulator says three Africa Bitcoin Corporation executives coordinated trades that artificially inflated Altvest shares in September 2022.

South Africa’s crypto industry is pushing back against proposed rules governing cross-border cryptocurrency transactions. Major platforms including VALR, Luno, AltCoinTrader and EasyEquities have joined a new industry coalition to oppose the plans. The coalition calls itself the Crypto Asset Taskforce for Advancing Sound, Technology-Neutral Regulation for Opportunity, Prosperity and a Healthy Economy (CATASTROPHE). Its members are campaigning against what they describe as restrictive crypto regulations that could hurt investment, jobs and innovation in South Africa. Why South Africa’s Crypto Industry Is Objecting The dispute centres on South Africa’s proposed Capital Flow Management Regulations, 2026, alongside a draft Crypto Assets Manual…

BitOasis has appointed Jonathan Rigg as its new Chief Executive Officer, marking a leadership change as the UAE-based crypto platform enters its next phase of growth across the Middle East and North Africa. Rigg succeeds Ola Doudin, who co-founded BitOasis in 2016 and led the company through its expansion into one of the region’s established regulated digital-asset platforms. The appointment comes as BitOasis looks to strengthen its products, expand its regulated footprint and deepen its presence across the MENA crypto market. Jonathan Rigg Takes Over at BitOasis Rigg brings nearly a decade of experience across global banking, financial markets, fintech…

Nigeria has emerged as the country with the highest potential for crypto activity to contribute to government revenue through tax, according to new analysis from blockchain analytics firm Chainalysis. The Crypto Tax Report 2026 estimates that crypto could account for 12.31% of Nigeria’s public finances, giving the country the highest potential revenue contribution among the markets analysed. The finding highlights both the scale of crypto activity in Nigeria and the challenge of bringing more transactions into the formal tax system. Nigeria Recorded $4.4 Billion in Taxable Crypto Activity Chainalysis estimates that Nigeria recorded about $4.4 billion in taxable crypto activity…

Standard Bank is the only African institution among 21 financial firms backing a new stablecoin venture. The South African lender joins Goldman Sachs, Citi, Bank of America, Deutsche Bank, and UBS in a consortium targeting a US dollar-denominated launch in the first half of 2027. The consortium announced the plan on September 1, 2026. The consortium said the new company will be established in the second half of 2026, subject to closing conditions. For Africa, this is more than a headline. It is the continent’s largest bank taking a seat at the table where the next generation of global payment…

South Africa’s Financial Sector Conduct Authority has debarred three senior executives at Africa Bitcoin Corporation. The Africa Bitcoin Corporation FSCA debarment follows decisions confirmed by the JSE-listed company, which previously traded as Altvest Capital, on August 30, 2026. The FSCA named CEO Warren Wheatley, Chief Investment Officer Akshay Karan, and Head of Media and Investor Relations Tatum Wheatley in its orders. The authority has not publicly stated a reason for the debarments. Warren Wheatley has since resigned from the board. The board appointed Stafford Masie, executive director and director of bitcoin strategy, as interim CEO with immediate effect. Who Was…

Luno has secured a Bermuda crypto licence, a Class F Digital Asset Business approval from the Bermuda Monetary Authority (BMA). The licence gives Luno a regulated base outside its traditional markets in Africa and Asia Pacific, marking a clear shift toward global institutional digital-asset infrastructure. From African Crypto Platform to Global Digital-Asset Business Luno was founded in Africa in 2013 and has spent more than a decade building its consumer crypto business around regulation, security and digital-asset access. Now, the company is moving beyond that original model. Luno recently reorganised around three business lines, with greater emphasis on institutional and…

South African crypto exchange VALR has launched Borrow, a new service that lets users access funds without selling their crypto assets. The service allows users to use crypto holdings such as Bitcoin and Ethereum as collateral for loans. VALR says the product is designed for both individual investors and corporate clients. Borrow gives users access to funds that they can trade on VALR, convert to fiat, withdraw or spend through VALR Pay. The service also operates without traditional credit checks or paperwork. VALR Lets Users Borrow Against Crypto Borrow allows users to unlock liquidity from their existing crypto holdings. Instead…