In the latest new Africa Crypto News, the new virtual asset bill of Kenya is before the Parliament while the country seeks to regulate the crypto. Meanwhile, Nigeria postponed the trial in terms of binance tax until the end of April. The government wants the scholarship to pay $ 2 billion in taxes which it does not claim to be paid. Meanwhile, the Bitcoin Africa conference is planned for Cameroon.
The African regulatory landscape is aligned quickly with international trends in cryptographic regulations. In Kenya, the Parliament plans a bill on virtual assets only a few weeks after Nigeria adopted new securities legislation that adapts to crypto. Meanwhile, the authorities continue their quarrel with Binance in Nigeria, with the courts now involved in the struggle. At the same time, the Bitcoin Africa conference should take place in Cameroon in April.
Let’s explore the stories that made the titles of the African Crypto News this week.
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Kenya Crypto News: Virtual Assets Bill before Parliament
The Kenyan Treasury submitted a bill to Parliament which aims to regulate providers of virtual asset services.
In recent months, the regulator has carried out stakeholder consultations before transmitting the bill to the Parliament for debate.
The bill on facts includes the requirement of the capital Markets Authority (CMA) and the Central Bank to regulate providers and service exchanges. The two main regulators must also apply international regulations linked to illicit money flows and the identity of customers.
Today, I reviewed the bill on recently published virtual asset service providers in Kenya, an act of parliament to provide a legislative framework to regulate virtual asset services in Kenya.
All well considered, it seems correct. pic.twitter.com/si8t6xv3m4
– Kioneki (@pesa_africa) January 19, 2025
Kenya has maintained a free approach to cryptographic regulations for more than a decade. However, the growing use of cryptography and international trends prompted regulators to continue this legislation.
Crypto enthusiasts in the country hope for a participatory process that adapts to all aspects of this industry.
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Nigeria Crypto News: Binance Case postponed at the end of the month
Binance’s legal problems in Nigeria received A stay when a court postponed a prosecution of tax evasion at the end of April. In the past year, the mega-exchange has faced the authorities to various titles about its operations in Nigeria. Thanks to the exchange, citizens could buy part of the Best parts of meme SolanaWinner Mega King in the last bull race.
Breaking: Nigeria has filed a complaint against Binance, claiming $ 79.5 billion in economic losses and $ 2 billion in unpaid taxes in the past two years. pic.twitter.com/aluzjogbag
– chip metrics (@tokenmetricin) February 19, 2025
Breaking: Nigeria has filed a complaint against Binance, claiming $ 79.5 billion in economic losses and $ 2 billion in unpaid taxes in the past two years. The government has made a complaint against Binance for $ 2 billion in back taxes that would have been due by the scholarship. Binance considers this complaint as punitive and has filed a motion for a court to challenge it.
On the one hand, Binance argues that it is incorporated into the Cayman Islands and has no presence in Nigeria to create the tax responsibility claimed by the authorities.
Even if the result of the case remains pending, the stakeholders crypto envisage the broader implications for the entire cryptography sector.
Nigeria had a romantic relationship with industry. He recently promulgated securities laws seeking to create more structure for the sector.
The result of this battle and subsequent regulatory positions will indicate the management that the government chooses in the future.
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Cameroon Crypto News: The Bitcoin Africa conference goes to Douala
The Bitcoin Africa conference will be take place In Douala, Cameroon, between April 25 and 27.
(Source)
This event will focus on financial inclusion and innovation, aimed at bringing together cryptographic entrepreneurs from the whole region and the rest of the continent.
Previous editions of the conference took place in countries like Kenya and Senegal.
This conference offers innovators, entrepreneurs and opinion leaders of the opportunity to bring together and explore ways to develop this industry on the African continent.
The organizers hope to inspire and educate the next generation of cryptographic innovators. In return, some can explore and even invest in some of the Best cryptos to buy in 2025.
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Africa Crypto News: Kenya Crypto Bill, Nigeria Binance enlist delay and the Bitcoin Africa conference in Cameroon
- Kenya seeks to regulate crypto. The virtual asset bill is before parliament
- A Nigeria court postponed the case against Binance in late April. The government wants the scholarship to pay $ 2 billion in tax
- Bitcoin Africa Conference 2025 is planned for Douala, Cameroon. The objective is to promote crypto and its innovation
The post Africa Crypto Week in Review: Crypto Bill in Kenya, Nigeria, postpones a binance costume while the Cameroon Hosts Bitcoin Africa conference appeared first on 99Bitcoins.
