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Court jails two Chinese for cyberterrorism, internet fraud in Lagos - Worldstage

WorldStage Newsonline– The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC), on Monday, July 14, 2025, secured the conviction and sentence of two Chinese for cyber-terrorism and internet fraud before Justice Dehinde Dipeolu of the Federal High Court sitting in Ikoyi, Lagos. The suspects are: Huang Xiao Liang (a.k.a Liu Xiao Liang) and Shi Yang Xiong. They are among the syndicate of 792 alleged cryptocurrency inve…See the Story

Kenya Digital Token: Minister Kabogo’s Vision for Youth Empowerment

In Brief The Kenya Digital Token ($KDT), endorsed by MICDE, uses Solana’s AI framework to onboard 55 million Kenyans into the digital economy. Public‑private collaboration ensures KDT balances innovation with robust oversight under Kenya’s evolving Virtual Asset Policy. KDT’s focus on AR education, pre‑installed wallets, and community incentives can transform financial inclusion in underserved regions. With digital assets steadily becoming ev…Artificial Intelligence · Kenya Read Article

IMF to Nigeria: Crypto Regulatory Framework Key to Halting Illicit Flows

In Brief Nigeria’s fragmented crypto regulatory framework has drawn sharp criticism from the IMF, which warns of capital flight, FX instability, and increased security threats. The country’s booming crypto economy—driven by stablecoins and cross-border payments—has outpaced the development of effective oversight and enforcement tools. The IMF recommends urgent, enforceable, and coordinated regulation aligned with global standards to prevent l…IMF · Nigeria Read Article

REGULATION | Bank of Ghana Issues Mandatory Registration of All Virtual Asset Service Providers Operating in the Country

The Bank of Ghana, which is the Central Bank of Ghana, has issued formal notice requiring all Virtual Asset Service Providers (VASPs) operating within the jurisdiction of the Republic of Ghana to register with the bank. THE BANK OF GHANA ISSUES MANDATORY REGISTRATION OF VIRTUAL ASSET SERVICE PROVIDERS OPERATING IN GHANA @thebankofghana pic.twitter.com/FZ2vQyLLWg — BitKE (@BitcoinKE) July 10, 2025 According to the apex bank: “This registration …Central Bank · Ghana See the Story

African Bitcoin Ecosystem: A New Frontier in Digital Gold

The African Bitcoin ecosystem has expanded beyond anyone’s imagination, stretching from retail solutions tailored to cater for natives to education programs providing financial education and programming skills to our growing youth. In Brief The African Bitcoin ecosystem is thriving across payments, mining, education, and community-building, pushing Bitcoin beyond speculation into real-world African use cases. Youth-led initiatives, localized e…Bitcoin Read Article

SEC, Quidax Bring Together Top Banks, Asset Managers to Drive Digital Assets Adoption in Nigeria – Press release Bitcoin News

This content is provided by a sponsor. PRESS RELEASE. Lagos, Nigeria – The Securities and Exchange Commission (SEC) Nigeria, in collaboration with leading digital assets exchange Quidax, hosted an educational series aimed at equipping Nigerian finance professionals with the knowledge and tools needed to navigate the evolving digital assets ecosystem. The exclusive two-day event, held […]SEC · Lagos See the Story

Desperate But Brilliant? Why Eskom Power Strategy Could Work

In Brief The Eskom power strategy introduces Bitcoin mining and AI data centers as unconventional revenue streams to offset its $22.7B debt. Eskom plans to sell surplus electricity to crypto miners and tech firms, mirroring U.S. models for monetizing energy through high-demand sectors. Despite environmental concerns and load-shedding issues, Eskom sees energy monetization as essential to survival and long-term operational reform. South Africa…Artificial Intelligence · South Africa Read Article

VASP Bill Withdrawal: Kenya Crypto Regulatory Setback Explained

Kenya’s recent celebrations over its recent VASP bill might have been short-lived. After the combined participation of top-tier exchanges and sit-downs to educate members of parliament, recent events have thrown the integrity of the bill into question. In Brief The VASP Bill was withdrawn after experts flagged governance flaws, potential regulatory capture, and political interference in Kenya’s digital asset framework. A last-minute stablecoin…Kenya · Kenya See the Story

Flutterwave Slashes Workforce in Kenya, South Africa - Tech

Flutterwave has reportedly laid off around half of its staff in Kenya and South Africa, in a bid to cut costs and keep the company on track toward profitability. The move, which began quietly in March 2025, shows a change in strategy for Africa’s highest-valued startup. The layoffs have hit the company’s compliance, legal, human resources, and sales units, roles Flutterwave now appears to be relocating to its home market, Nigeria. The rationale…IPO · Kenya See the Story

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