Author: Opeloyeru Batly

On 1 July 2026, the South African Revenue Service published its Draft Guide to the Taxation of Crypto Assets, opening it for public comment until 31 August 2026. The guide is not binding. However, it is the clearest signal yet of how SARS intends to treat crypto activity, and it arrives alongside enforcement infrastructure that is already live. The era of invisible crypto wealth in South Africa is over. What the Draft Guide Actually Covers The guide addresses the income tax consequences of a wide range of crypto activity. This includes selling crypto assets for rands, swapping one crypto asset…

The Democratic Republic of Congo is quietly becoming one of Africa’s most important testing grounds for the future of cross-border payments. And Visa is at the centre of it.In partnership with Onafriq, the pan-African payments network whose APIs connect M-Pesa, Airtel Money, and Orange Money wallets across the DRC, Visa has launched VisaPay, a platform that lets Congolese consumers fund Visa wallets directly from their mobile money accounts. What makes the initiative significant is what happens in the background. The transactions are settled in stablecoins. “There is a use case that we have in DR Congo where we are settling…

Something shifted in institutional finance today. On 2 July 2026, Standard Chartered became the first Global Systemically Important Bank to offer institutional USDC minting and redemption through a regulated banking channel. The service launched in partnership with Circle through Standard Chartered’s operations at the Dubai International Financial Centre. It is a first that matters. There are only 29 G-SIBs in the world. They are the banks that global regulators consider too critical to fail. When one of them becomes a direct gateway to minting and redeeming a dollar stablecoin, the conversation about stablecoins changes permanently. What the Service Actually Does…

For most Africans, investing in a property fund or private credit vehicle has never been realistic. The minimum amounts were too high. The barriers too many. However, Paga is now working to change that. On 30 June 2026, Paga announced a partnership with TBook to bring tokenised real-world assets to African users. TBook is a blockchain infrastructure startup based in New York. Together, they will connect Paga’s payments infrastructure with TBook’s asset marketplace. That marketplace runs on the Sui blockchain. So an everyday user in Lagos can now invest in fixed-income products and global assets directly from an app they…

Nigeria’s crypto gambling market is not a future projection. It is already happening and the numbers behind it are significant. Between July 2024 and June 2025, Nigeria received more than $92 billion in on-chain crypto value according to Chainalysis. Across Sub-Saharan Africa, the same period saw over $205 billion in on-chain cryptocurrency value received — a 52% year-on-year increase and the highest adoption growth rate of any global region. That financial backdrop is now bleeding directly into the gambling sector. Africa’s online gambling market is valued at $12.7 billion in 2026 and projected to reach $19.4 billion by 2030, according…

Nigeria’s and Rwanda’s crypto regulation partnership is now formal. The Capital Markets Authority of Rwanda and the Securities and Exchange Commission of Nigeria signed a cooperation agreement this week to deepen collaboration across capital markets and digital assets. The deal extends beyond traditional capital markets to include the oversight and development of digital asset frameworks in both countries. The timing is deliberate. Nigeria hosts one of Africa’s largest crypto ecosystems, estimated at approximately $92 billion. However, that scale has also made it a target. In 2025, the collapse of CBEX, a fraudulent digital asset scheme, resulted in hundreds of millions…

LIFT airline’s acceptance of Apple Pay, Google Pay, and crypto payments marks a first for South African aviation. The Cape Town-based airline announced on 24 June 2026 that it had become the first carrier in the country to offer both Apple Pay and Google Pay directly on its website across mobile and desktop, while also introducing crypto payments through Ozow. The move gives LIFT one of the most comprehensive direct airline payment stacks in South Africa. Customers can now book flights using debit and credit cards, Apple Pay, Google Pay, cryptocurrency via Ozow, payment plans through RCS and PayU, Mobicred…

Goldfinch Africa’s lending collapse is now official. On 12 June 2026, Warbler Labs, the development team behind Goldfinch, published governance proposal GIP-87, formally proposing to wind down Goldfinch Prime and move the protocol into maintenance mode. A snapshot vote opened on 20 June and is passing with 100% approval. It closed yesterday, 23 June 2026. The formal end of a protocol that once promised to reshape emerging market finance is now a governance formality. It did not have to end this way. Goldfinch launched in 2021 with a clear and compelling pitch to lend to businesses across 18 countries, including…

Kenya is shaping the future of its digital asset sector. However, some lawmakers believe the proposed rules need more work. Members of Parliament recently reviewed draft regulations under the Virtual Asset Service Providers (VASP) Act. The law took effect in November 2025. One provision drew particular attention. The draft requires stablecoin issuers to hold at least 30% of their reserves in commercial banks based in Kenya. Lawmakers did not question the need for stablecoin regulation in Kenya. Instead, they questioned whether the proposed rules strike the right balance between consumer protection and innovation. What Stablecoin Regulation in Kenya Proposes The…

The biggest mistake African crypto startups make is not a technical one. It is not a product failure either. According to Franklin Peters, in a recent interview with CoinAfrica, the mistake is structural. African crypto startups scale before they are ready and when the market shifts, they have nothing left to hold them up. Peters has seen this pattern repeat itself more times than he can count. He lived it himself. Scaling Without the Right Foundation The biggest mistake African crypto startups make often begins the moment growth arrives. Suddenly there is pressure to hire, to expand, to keep up…