One of Africa’s largest banks, ABSA Bank, is partnering with Ripple to provide custody services on the Ripple blockchain. This announcement is another important moment in the adoption of crypto by traditional financial institutions.
The central bank intends to roll out crypto regulations in Ghana by December. Ghana joins several major countries on the continent in adopting similar legislation.
Meanwhile, Blockchain.com is seeking a crypto exchange license from the Securities and Exchange Commission of Nigeria. This decision comes a few weeks after the platform chose Nigeria as its regional hub.
Let’s look at these stories making the mainland headlines this week:
South Africa Crypto News: ABSA Bank partners with Ripple
South African banking giant ABSA Bank is partnership with Ripple to allow users to store crypto and digital assets on the Ripple blockchain. The move marks another significant adoption of crypto by traditional financial institutions.
ABSA customers can now store cryptocurrencies on Ripple and have integrated tools to manage their digital assets.
JUST IN:
Ripple is expanding its global custody footprint in Africa through a new collaboration with Absa Bank. pic.twitter.com/jbu1d8OQQ4
– Whale Insider (@WhaleInsider) October 15, 2025
Ripple is expanding its global custody footprint in Africa through a new collaboration with Absa Bank. Reece Merrick, Ripple’s managing director for the Middle East and Africa, said the partnership was a “major game-changer” and highlights their commitment to unlocking the potential of cryptography.
“Africa is experiencing a major shift in how value is stored and exchanged, and our partnership with Absa underlines Ripple’s commitment to unlocking the potential of digital assets on the continent.”
The bank is banking on a young clientele favorable to digital assets to adopt this use. Established institutions like ABSA rely on such partnerships to target a wider population and follow financial trends.
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Ghana Crypto News: Central Bank to Present Regulations by December
The Central Bank of Ghana (CoG) intends to roll out crypto regulations by December 2025. Ghana is joining similar trends on the continent, with countries like Nigeria and Kenya recently enacting crypto legislation.
We should be able to regulate cryptocurrencies in Ghana by the end of December… – Dr Johnson Asiama (BoG Governor)#GHOneNews #EIBNetwork#GHOneTV #NewsAlert pic.twitter.com/PDhAyFyzGy
– GHOne TV (@ghonetv) October 16, 2025
CoG Governor Johnson Asiama gave the timetable at a recent IMF event. He explained the rationale for the legislation as follows:
“We have the regulatory framework in place and have a new bill to regulate virtual assets. This bill is on its way to Parliament. Hopefully by the end of December, we will be able to regulate cryptocurrencies in Ghana.”
Given the increasing size of crypto markets Globally, regulation is receiving increasing attention. The amount of money flowing into crypto, buying some of the top coins like Solana or Cardano, is in the billions. As such, regulators want to have visibility on this movement.
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Nigeria Crypto News: Blockchain.com seeks regulatory license
The international crypto platform Blockchain.com is while searching a crypto exchange license from the Nigerian Securities and Exchange Commission (SEC). This decision comes a few weeks after the platform chose Nigeria as its regional hub.
Owenize Odia, Managing Director for Africa at Blockchain.com, said Nigeria is an important market and compliance is fundamental to their operations.
“Nigeria is a very important market for Blockchain.com. Compliance is fundamental to the way we operate. We openly engage regulators, and in Nigeria we have met with the SEC and applied for the appropriate license.”
Blockchain.com already holds licenses in several jurisdictions and is seeking to regularize its operations in Nigeria. The country passed a securities law earlier this year requiring fintech institutions to comply with specific requirements, including licensing.
The crypto financial services company also intends to build confidence in the country’s commitment to crypto and show its commitment to long-term involvement in this market.
They are also establishing a physical office in Nigeria which will act as a regional hub, strengthening customer engagement and partnerships.
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Africa Crypto News: Ripple ABSA agreement, Ghanaian crypto regulations
- Crypto news in South Africa: Ripple and ABSA partnership
- Ghana Crypto News: Central Bank of Ghana to Regulate Crypto by December 2025
- Nigeria crypto news: Blockchain.com applies for crypto license from SEC
Post Africa Crypto News Week in Review: ABSA and Ripple Unite, Central Bank of Ghana Crypto Regulations; Blockchain.com seeks license in Nigeria appeared first on 99Bitcoins.
