In the latest news from the African crypto, Binance praises the progress of the regulation of Kenya cryptography but warns against heavy taxes. Meanwhile, Valr joins forces with Moonpay to extend access to more fiduciary currencies. Nigeria Prison Nine Chinese crypto crooks for a year.
A leader of Binance praised Kenya’s progress in crypto regulation but warned of punitive taxation. In South Africa, the main exchange of Crypto, Valr, has teamed up with Moonpay, a supplier of crypto payments, to improve the global integration of payments. Meanwhile, Nigeria has imprisoned nine Chinese nationals for having perpetuated cryptographic scams in the country.
Let’s explore these cryptographic stories from the African continent this week:
Kenya Crypto News: Binance praises regulatory progress
Binance, a global exchange, praised Kenya’s efforts to create a regulatory framework for cryptographic industry.
Larry Cooke, responsible for the legal for Africa, note The progress made on the bill on virtual asset service providers (VASP) before the Parliament.
(Source)
“The bill for virtual asset service providers changes the game, but more than that is a symbol of Kenya’s desire to lead Africa in responsible innovation,” said Cooke. “We are working closely with regulators, parliamentarians and educators because the cryptographic ecosystem cannot prosper without confidence.”
However, the executive of the Binance warned against the imposition of punitive industry cryptography taxes.
He thinks that Kenya can “lead the continent with intelligent and enabling policies”.
Kenya has gradually become one of the most important cryptographic markets in Africa.
The introduction of the Kenya Virtual Assets Service Providers (VASP) bill has prepared the ground for a dramatic change in the cryptographic ecosystem. With the bill opening the way to “traditional” cryptography licenses, the commercial landscape of startups in the space of virtual assets is on the point of … pic.twitter.com/yrpxkxyihg
– Kenya Blockchain & Crypto conference (@ kBCC_01) February 18, 2025
Increased use led legislators to consider cryptography legislation for the first time. As crypto also finds adoption, more Kenyans will explore and even consider investing in part of the Best ICO even.
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South Africa Crypto News: Valr and Moonpay Partnership
Two main cryptographic platforms, Valr and Moonpay, are partnership To improve access to cryptography for their users.
Valr, the main exchange of crypto in Africa by commercial volume, joins Moonpay to take advantage of its payment infrastructure.
Integration will allow Valr to support 34 new fiduciary currencies, including Kenyan Shilling and Nigerian Naira. This agreement will allow investors to obtain exposure to 1000x following.
“We are delighted to associate ourselves with Moonpay to improve the accessibility of our platform for users around the world,” said Farzam Ehsani, co-founder and CEO of Valr. “This integration allows our global community effective access to cryptocurrencies, aligning Valr’s vision to build a financial system that reflects the unity of humanity.”
Valr already has over a million regular users and hundreds of business customers.
The widening of this user base, especially since the use of cryptography increases rapidly in Africa, is a major reason for this partnership.
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Nigeria Crypto News: Nine imprisoned Chinese crooks
The Nigerian Anti-Greffe agency has announcement The imprisonment of nine Chinese nationals accused of crypto and romantic scams.
The Committee on Economic and Financial Division said that individuals had pleaded guilty to various crimes and had been sentenced to prison terms and one year fines.
Latest news: Lagos Court imprisons nine Chinese for cyber-t £ rrarism and internet fraud in Lagos
Their names are: Li Dong, Deng Wei Qiang, Huang Bo, Xiong Zhen, Lai Rui Feng, Zhao Xiao Hui, Him Hai Rong, Him Gang and Ji Feng. pic.twitter.com/qi02j7evvq
– Stories from Nigeria (@nigeriasen) June 10, 2025
Cryptographic scams are an unfortunate aspect of a digital payment system without border.
Thousands of Nigerian nationals are still in shock from the collapse of the CBEX exchange, which seems to be a sophisticated Ponzi scheme.
It is essential that the authorities target real crooks and fraudulent regimes rather than the whole cryptographic industry.
The stakeholders of the crypto in Nigeria hope that this distinction will be made in future repressions.
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Africa Crypto News: Binance rents Kenya, the crooks of Nigeria prison
- Kenya Crypto News: Binance applauds progress in the regulation of Kenya cryptography
- South Africa Crypto News: Valr and Moonpay Partners to stimulate access to cryptography
- Nigeria Crypto News: Nine Chinese nationals imprisoned for 1 year for cryptographic scams
The week of the post Africa Crypto News review: Binance rents Kenya, Valr and Moonpay Partner, Nigeria Prison 9, Chinese crooks appeared first on 99Bitcoins.
