{"id":100308,"date":"2025-09-28T08:40:36","date_gmt":"2025-09-28T08:40:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=100308"},"modified":"2025-09-28T08:40:36","modified_gmt":"2025-09-28T08:40:36","slug":"africa-crypto-week-news-in-review-binance-sponsors-accra-blockchain-summit-sygnia-backs-bitcoin-as-south-africa-targets-crypto-income-tax","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=100308","title":{"rendered":"Africa Crypto Week News In Review: Binance Sponsors Accra Blockchain Summit, Sygnia Backs Bitcoin As South Africa Targets Crypto Income Tax"},"content":{"rendered":"

Binance, the world\u2019s largest crypto exchange, is stepping up its presence on the continent by joining the African Blockchain Summit as a platinum sponsor. Through this sponsorship, the exchange will likely expand its reach as more people consider the exchange. This is not the first time Binance is sponsoring a crypto event. In the past, the exchange sponsored a crypto conference in Kenya.<\/span><\/p>\n

Meanwhile, South African fund manager Syngnia Limited has urged diversification in Bitcoin investments. Bitcoin is a premier crypto exchange and is undoubtedly one of the <\/span>best cryptos to buy<\/span><\/a>. Public firms, especially in Europe, North America, and Japan, have bought BTC, adding the crypto to their balance sheets.<\/span><\/p>\n

In South Africa, the country\u2019s tax agency has warned crypto traders against failing to declare crypto income. The country has made huge strides in crypto regulation and is among the continent\u2019s top adopters, boasting clear laws supportive of the industry.<\/span><\/p>\n\n

DISCOVER: Next 1000X Crypto \u2013 Here\u2019s 10+ Crypto Tokens That Can Hit 1000x This Year<\/a><\/strong><\/p>\n

Let\u2019s look at these stories making continental headlines this week:<\/span><\/p>\n

Ghana Crypto News: Binance Sponsors Africa Fintech Summit Accra<\/span><\/h2>\n

Global exchange giant Binance will be a <\/span>platinum sponsor<\/span><\/a> of the Africa Fintech Summit 2025, which will be held in Accra from October 8 to 10, 2025. <\/span><\/p>\n

The Africa Fintech Summit (AFTS) has announced that Binance, the world\u2019s largest cryptocurrency exchange with over 280 million users across 180 countries, will participate as a Platinum Sponsor for its 14th edition. The event is scheduled for October 8\u201310, 2025, at the Accra\u2026<\/p>\n

\u2014 SokoAnalyst (@SokoAnalyst) September 25, 2025<\/a><\/p>\n\n

Binance has increased its profile on continental conferences, regulatory engagement, and more. Larry Cooke of Binance Africa spoke on the sponsorship as follows: <\/span><\/p>\n

\u201cAfrica is a continent of immense opportunity, and we are committed to supporting its growth through innovation, education, and regulatory collaboration. From expanding trading networks to engaging with policymakers on frameworks like Kenya\u2019s VASP Bill, and our recent visit to Ghana to meet with key policy makers, Binance is focused on helping African businesses and users transact safely, efficiently, and transparently.\u201d<\/span><\/p>\n

The Africa Fintech Summit aims to bring together fintech and crypto leaders on the continent. It will feature speakers, forums, and workshops to advance crypto entrepreneurship on the continent.<\/span><\/p>\n

DISCOVER: <\/span>16+ New and Upcoming Binance Listings in 2025<\/span><\/a><\/strong><\/p>\n

South Africa Crypto News: Sygnia Urges Responsibility In Bitcoin Investment <\/span><\/h2>\n

Syngnia Limited has <\/span>urged<\/span><\/a> investors in its Bitcoin ETF to avoid going all-in on Bitcoin investments. This advisory comes even as Bitcoin enjoys a record bull run, with prices well over $100,000 for months on end.\u00a0\u00a0<\/span><\/p>\n

The advisory stems from Bitcoin\u2019s enduring volatility. However, many Bitcoin bulls would give the exact opposite argument, given the ridiculous gains made over the past two years. <\/span><\/p>\n

Nonetheless, advice for diversification is great, especially for investors who use retirement funds and vulnerable groups who cannot afford to lose too much. <\/span><\/p>\n

Magda Wierzycka, CEO of Sygnia, isn\u2019t buying into the Bitcoin hype . She\u2019s waving a caution flag, saying crypto should be no more than 5% of your discretionary assets. Even though her firm launched a Bitcoin ETF, she\u2019s still calling BTC overvalued and super volatile. \u2026 pic.twitter.com\/ri929SkGn0<\/a><\/p>\n

\u2014 Seven Crypto (@SevenWinse) September 25, 2025<\/a><\/p>\n\n

Sygnia is a traditional investment firm that takes a cautious stance on crypto. However, the fact that their ETFs now provide exposure to Bitcoin is an acknowledgement of Bitcoin\u2019s inevitability in financial markets. <\/span><\/p>\n

DISCOVER: <\/span>9+ Best Memecoin to Buy in 2025<\/span><\/a><\/strong><\/p>\n

South Africa Crypto News: SARS Goes After Crypto Taxes<\/span><\/h2>\n

The South African Revenue Service (SARS) is reportedly<\/a> going after crypto owners failing to declare their crypto gains. This stance, even as the actual status of cryptos within the South African monetary system is being litigated in courts. <\/span><\/p>\n

SARS has broad powers, ranging from audits to criminal charges against individuals suspected of tax evasion. These measures could soon be directed at crypto owners who fail to declare and remit taxes on their gains.<\/span><\/p>\n\n

Governments globally have an incentive to pursue crypto taxes because of the sector\u2019s increasing revenue potential. The blockchain operates outside traditional banking channels, and it may be challenging to track all assets and gains owned by individuals. <\/span><\/p>\n

However, crypto owners, including those with large chunks of <\/span>top Solana meme coins<\/span><\/a>, must contemplate regulations in this direction as the industry grows larger. <\/span><\/p>\n

DISCOVER: <\/span>10+ Next Crypto to 100X In 2025<\/span><\/a><\/strong><\/p>\n

\n

Africa crypto news: Binance Sponsors Ghana Event, South Africa On Taxes<\/h2>\n

Ghana crypto news: Binance to sponsor the Africa Fintech Summit in Accra <\/span> <\/p>\n

South Africa crypto news: South African Revenue Service is now targeting crypto owners failing to declare their gains<\/span>\u00a0<\/span> <\/p><\/div>\n

The post Africa Crypto Week News In Review: Binance Sponsors Accra Blockchain Summit, Sygnia Backs Bitcoin As South Africa Targets Crypto Income Tax<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Binance, the world\u2019s largest crypto exchange, is stepping up its presence on the continent by joining the African Blockchain Summit as a platinum sponsor. Through this sponsorship, the exchange will likely expand its reach as more people consider the exchange. This is not the first time Binance is sponsoring a crypto event. In the past, […]<\/p>\n","protected":false},"author":0,"featured_media":100309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-100308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100308"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=100308"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/100308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/100309"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=100308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=100308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=100308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}