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Kenyan government collaborates with consultant to review cryptocurrency regulations Cryptocurrencies KenyaIn a significant shift from the Central Bank of Kenya's previous stance on digital currencies, the Kenyan government has welcomed a consultant to reassess the cryptocurrency landscape. President William Ruto announced that Marathon Digital Holdings has been engaged to consult with the National Treasury and Energy Ministry on the matter.May 6, 2024 -
South Africa's FSCA authorizes 75 Institutions as crypto asset service providers Cryptocurrencies South AfricaThe Financial Sector Conduct Authority (FSCA) has officially confirmed the list of currently approved Crypto Asset Service Providers (CASPs). In response to misleading statements in the media claiming exclusivity in licensing, the FSCA clarifies that it has approved a total of 75 institutions as CASPs under the Financial Advisory and Intermediary Services (FAIS) Act, No. 37 of 2002. The comprehens...April 27, 2024 -
Kenya sets up multy-agency group to regulate cryptocurrencies and digital assets Cryptocurrencies KenyaKenya is establishing a multy-agency group to oversee cryptocurrencies and digital assets, as announced by Njuguna Ndungu, the National Treasury Cabinet Secretary. This move comes in response to the rise of virtual asset trading and online investment scams, prompting warnings from the Central Bank of Kenya (CBK) and other financial regulators against unlicensed financial products and services.April 23, 2024 -
Luno secures first crypto asset service provider license in South Africa Cryptocurrencies South AfricaLuno has become the first dedicated crypto asset service provider in South Africa to receive its financial services provider license under the new regulations.April 14, 2024 -
South African government aimed at cracking down on tax evasion related to cryptocurrency Cryptocurrencies South AfricaThe South African government has passed a new law aimed at cracking down on tax evasion related to cryptocurrency and NFT trading.November 16, 2023
