REGULATION | Paxful Co-Founder Pleads Guilty to Accusations of Deception and Shoddy Anti Money Laundering Practices

Artur Schaback, the Co-Founder and former Chief Technology Officer (CTO) of Paxful, has pleaded guilty to federal crimes in the United States. On July 8 2024, the U.S. Department of…

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FUNDING | Tanzanian Fintech, Nala, Raises $40 Million in Series A Following 10x Revenue Growth and ~500K User Growth

In one of the largest Series A in African tech history, pan-African remittances company, Nala, has raised $40 million in a series A round, CEO, Benjamin Fernandes, has announced. Today,…

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REGULATION | Nigeria Set to Build The ‘Nigerium’ Indigenous Blockchain to Safeguard National Security, Says Director-General, NITDA

National Information Technology Development Agency (NITDA) will develop the ‘Nigerium’ indigenous blockchain to safeguard national security, according to Kashifu Inuwa Abdullahi, Director-General, NITDA. Abdullahi stated this when he welcomed a…

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REGULATION | Digital Asset Operators in Nigeria Required to Establish Local Presence in Latest Eligibility Requirements

The Nigeria Security Exchange Commission (SEC Nigeria) requires Virtual Asset Service Providers (VASPs) in the country to establish a local office to be eligible to operate in the country. This…

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REGULATION | South African Regulator, FSCA, Pursuing 30 Crypto Firms Operating Without Licenses

The Financial Sector Conduct Authority (FSCA) of South Africa is currently running 30 investigations into unauthorized crypto-related financial services within the country. This is according to the organization’s latest regulatory…

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WEST AFRICA | West African ECOWAS States Move Closer Toward Launching a Single Currency Dubbed ECO

According to reports in Nigeria, Finance Ministers and Central Bank Governors from the 15 Economic Community of West African States (ECOWAS) have advanced plans to launch the single currency initiative…

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