{"id":70607,"date":"2025-05-31T09:00:39","date_gmt":"2025-05-31T09:00:39","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=70607"},"modified":"2025-05-31T09:00:39","modified_gmt":"2025-05-31T09:00:39","slug":"africa-crypto-news-in-review-south-africa-court-backs-crypto-kenya-to-host-blockchain-conference-blockchain-com-in-nigeria","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=70607","title":{"rendered":"Africa Crypto News in Review: South Africa Court Backs Crypto, Kenya to Host Blockchain Conference, Blockchain.com In Nigeria"},"content":{"rendered":"

Africa crypto news: A High Court in Gauteng, South Africa, rules that crypto is free from exchange controls. Kenya will host a crypto conference in June. Blockchain.com is setting up an office in Nigeria.<\/em><\/p>\n

South African crypto holders got a major reprieve after the High Court said tokens, including some of the <\/span>best cryptos to buy now<\/span><\/a>, are not subject to exchange control regulations. <\/span><\/p>\n

Meanwhile, crypto stakeholders in Kenya are ready for a blockchain conference in mid-June. Binance will be the main sponsor.<\/span><\/p>\n

On the West African coast, Blockchain.com is set to open an office in Nigeria as part of a continent-wide expansion drive.<\/span><\/p>\n

Let\u2019s explore the major crypto stories on the African continent this week:<\/span><\/p>\n

South Africa Crypto News: Tokens Not Subject to Exchange Controls<\/span><\/strong><\/h2>\n

A High Court in Pretoria, South Africa, has <\/span>ruled<\/span><\/a> that cryptos do not qualify as \u201ccapital\u201d under the country\u2019s exchange control regulations. <\/span><\/p>\n

South Africa has strict exchange control regulations, requiring regulatory approval to export specific types of capital.<\/span><\/p>\n

Classifying crypto as capital for exchange control would have been problematic, given its borderless nature.<\/span><\/p>\n\n

Crypto traders no longer need the South African Reserve Bank (SARB) approval before moving crypto from crypto money service providers in the country to international options.<\/span><\/p>\n

DISCOVER:\u00a09+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n

Kenya Crypto News: Blockchain Conference Set for June<\/span><\/strong><\/h2>\n

The Kenya Blockchain and Crypto Conference is <\/span>scheduled<\/span><\/a> for June 12 and 13 in Nairobi.<\/span><\/p>\n\n

This conference will gather over 1,500 industry stakeholders across Africa as Kenya continues to become an important hub for crypto commerce.<\/span><\/p>\n

With over 5 years of experience building mobile and backend systems in fintech and Web3, Renny Langat is helping redefine how decentralized technologies integrate with real-world systems.<\/p>\n

As a co-founder at Jua Labs, advisor at @ADAMUR_R<\/a>, and an engineer at @lipad_io<\/a>, he\u2019s\u2026 pic.twitter.com\/Eq9X6gFw2J<\/a><\/p>\n

\u2014 Kenya Blockchain & Crypto Conference (@KBCC_01) May 29, 2025<\/a><\/p>\n\n

The event will bring together regulators, developers, investors, and policy experts to explore ways to boost regional adoption and innovation.<\/span><\/p>\n

Binance, which lists some of the <\/span>next 1000X cryptos<\/span><\/a>, is a notable sponsor of the event, which will allow other crypto platforms to showcase their services.<\/span><\/p>\n

Kenyan legislators are also debating a Virtual Assets Service Providers (VASP) bill that could shape the country\u2019s crypto adoption.<\/span><\/p>\n\n

This conference will <\/span>be a chance for<\/span> industry stakeholders to contribute to making this legislation fit for purpose.<\/span><\/p>\n

DISCOVER:\u00a0The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/span><\/p>\n

Africa Crypto News: Blockchain.com Expands<\/span><\/strong><\/h2>\n

UK crypto exchange Blockchain.com is set to <\/span>expand<\/span><\/a> to multiple African countries and open a physical office in Nigeria.<\/span><\/p>\n

The exchange states that growing regulatory clarity on the continent drives its expansion into Africa.<\/span><\/p>\n

Nigeria, Ghana, and South Africa have taken steps in the regulatory landscape.<\/span><\/p>\n\n

Ghana will enact legislation later this year to govern the industry per international best practices. Meanwhile, Nigeria enacted legislation on securities governing the crypto sector earlier this year.<\/span><\/p>\n

Blockchain.com will become the first foreign crypto exchange to establish a presence in Nigeria, signaling confidence after Nigeria\u2019s public dispute with Binance last year.<\/span><\/p>\n

BREAKING NEWS : Binance set to exit Nigerian market, ceases provision of services in local currency.<\/p>\n

The platform has informed users that any remaining NGN balances will be automatically converted to Tether (USDT) stablecoin after March 8. Users are advised to withdraw, trade\u2026 pic.twitter.com\/eXlmfeft63<\/a><\/p>\n

\u2014 Nigeria Stories (@NigeriaStories) March 5, 2024<\/a><\/p>\n\n

Opening a physical office is a vote of confidence in the Nigerian market and, by extension, multiple African countries.<\/span><\/p>\n

DISCOVER:<\/span><\/strong> 7 High-Risk High-Reward Cryptos for 2025<\/span><\/a><\/p>\n

\n

Africa Crypto News: South Africa Court Ruling, Blockchain.com Nigeria <\/h2>\n

South Africa crypto news: High Court rules that cryptos are exempt from exchange control regulations<\/span>\u00a0<\/span> <\/p>\n

Kenya crypto news: Binance is backing a crypto event scheduled for mid-June 2025 in Nairobi, Kenya <\/span> <\/p>\n

Nigeria crypto news: Blockchain.com is expanding in Africa. Will set up a physical office in Nigeria<\/span>\u00a0<\/span> <\/p><\/div>\n

The post Africa Crypto News in Review: South Africa Court Backs Crypto, Kenya to Host Blockchain Conference, Blockchain.com In Nigeria<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Africa crypto news: A High Court in Gauteng, South Africa, rules that crypto is free from exchange controls. Kenya will host a crypto conference in June. Blockchain.com is setting up an office in Nigeria. South African crypto holders got a major reprieve after the High Court said tokens, including some of the best cryptos to […]<\/p>\n","protected":false},"author":0,"featured_media":70608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-70607","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\/70607"}],"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=70607"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/70607\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/70608"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=70607"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=70607"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=70607"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}