African Crypto News Recap: South Africa Court Rules for Crypto, Kenya Plans Blockchain Summit, Blockchain.com Expands to Nigeria
A summary of key developments in African crypto, including a court ruling in South Africa exempting crypto from exchange controls, an upcoming blockchain conference in Kenya, and Blockchain.com opening an office in Nigeria.
This week in African crypto news, several key events have shaped the landscape:
South Africa Crypto News: Tokens Not Subject to Exchange Controls
A ruling by a High Court in Pretoria has confirmed that cryptocurrencies, including many popular altcoins, are not classified as ‘capital’ under local exchange control regulations. This decision brings significant relief to South African crypto holders, as it allows for the movement of crypto assets without mandatory approvals from the South African Reserve Bank (SARB).
Kenya Crypto News: Blockchain Conference Set for June
Kenya is gearing up to host its Blockchain and Crypto Conference on June 12-13, attracting over 1,500 industry stakeholders. Binance has been announced as the main sponsor for this event, which aims to bolster the region’s crypto adoption and innovation.
Africa Crypto News: Blockchain.com Expands
Blockchain.com plans to establish a physical presence in Nigeria as part of its expansion strategy across Africa. The company aims to take advantage of the continent’s evolving regulatory landscape and growing crypto market.
