Ghana Set to Regulate Crypto by September 2025
The Bank of Ghana is set to begin regulating cryptocurrency platforms by September 2025. The regulation will be enabled by the passage of the Virtual Asset Providers Act.
Zone wants to create an Ethereum blockchain where government-backed regulators have oversight
Zone aims to create a regulated blockchain network that allows financial institutions to facilitate payments without third-party involvement. The proposed blockchain would enable regulators to monitor transactions in real-time, embedding compliance into the network's operations.
Nigeria’s SEC cites due diligence delays in crypto licence freeze
The SEC has delayed issuing new provisional licenses to crypto startups under its ARIP. Director General Emomotimi Agama cited the need for additional due diligence as the reason for the delay.
Sycamore secures SEC licence, appoints new asset management head
Sycamore secured a fund and portfolio management license from the Securities and Exchange Commission (SEC). Oluwagbenga Magbagbeola was appointed to lead Sycamore's asset management division.
Nigeria Moves to Tax Cryptocurrency Transactions
Nigeria is amending regulations to tax cryptocurrency trading and digitized transactions. The SEC is drafting new rules to ensure transactions on regulated exchanges are taxed.
