Latest updates on crypto innovation, adoption, and regulation across Africa’s growing digital asset ecosystem.
Nigeria's eNaira experiment, in which forceful measures to replace physical currency with a CBDC led to nationwide protests and public distrust, offers crucial lessons for future CBDC implementations.
Liam 'Akiba' Wright 3 min read 
Many Nigerians have questioned if the new blockchain policy legalizes cryptocurrency usage in the African country.
Foreign crypto exchanges in Kenya are now expected to pay a 1.5% duty on commissions they receive from facilitating crypto trades.
Aside Nigeria, several other countries like Germany and Singapore are also considering assets tokenizations.
The case represents the CFTC's highest civil fine and largest Bitcoin fraud case.
In 2021, the central bank of Nigeria ordered banks to stop facilitating cryptocurrency transactions and close all crypto-related accounts.
The Nigerian central bank had doubled down on cash restrictions, triggering chaos in the country.
The central bank's move to invalidate current notes and the subsequent cash withdrawal restrictions have increased demand for Bitcoin.
South Africa's ARB has urged crypto ads providers to warn that investing in crypto assets may result in loss of capital.
