Weekly Marclock
Plus: 🇿🇦 The Governor of Sarb repels the lobbying of cryptography in politics 🇰🇪 Kenyan cryptographic group fights for more equitable regulations 🇳🇬 | 🇬🇭 Accumule increases $ 1.58 million to extend African crypto payments
The Governor of Sarb repels lobbying of cryptography in politics
Topline: The Governor of South African Reserve Bank (SARB), Lestja Knyago, has raised concerns about cryptocurrency companies spending millions to influence government policies.
- Speaking at the World Economic Forum in Switzerland, KGanyago warned against the risk of “regulatory capture”, where financial regulations are shaped by the interests of companies rather than by public policy objectives. (Details))
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Key quote: “If the regulations will be established by the power of money, we have a problem.”
Why is it important: Crypto lobbying is already waves in the United States, where companies like Coinbase and Ripple have spent more than $ 119 million in pro-Crypto candidates.
Zoom: South Africa has some of the most advanced cryptography regulations on the continent, with more than 240 approved cryptography companies.
- However, the country remains cautious about the extent of the influence of cryptography on the development of financial policies.
The Crypto Kenyan group fights for more equitable regulations
Topline:The Kenya Virtual Asset Chamber of Trade (VACC) has submitted a set of political recommendations to regulators of the country, urging changes to the proposed digital asset tax (DAT) and pleading for a stablecoin Kenyan. (Details))
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Revealing quote: “Industry cannot survive a tax of ten to thirty times more than standard exchange costs,” said Allan Kakai, Director of Vacc.
What is in the proposal?
- Lower the 3% digital asset tax (DAT): Vacc argues that the tax is too high compared to global standards and could drive out Kenya companies.
- A local stable: The group suggests developing a Stablecoin Kenyan to reduce the dependence of the US dollar for cryptographic transactions.
- Alignment with global regulations: The VACC recommends a framework similar to the EU Mica regulations to ensure that Kenya remains competitive.
Context: In December 2024, the Kenyan National Treasury published a policy project to shape the regulations of virtual assets in the country, seeking public contribution.
- Before that, the main approach of Kenya in terms of cryptographic regulation was taxation. In 2023, the country introduced the tax on digital assets (DAT) under the Modified Finance Act.
- 3% 3% gross income tax from cryptographic transactions applies, whether a merchant achieves a profit or loss or that he simply transfers assets between the scholarships.
Global image: Kenya has one of the largest cryptographic markets in Africa, but its regulatory landscape was uncertain.
- With public consultations now closed, all eyes are on how the government will react.
- The country also studies the regulatory approaches of countries such as the United Kingdom, France, the United States, Singapore, Maurice, Nigeria and the EU.
Accumulates collects $ 1.58 million to extend African cryptography payments
Topline: The African Crypto Payment Company accumulates has raised $ 1.58 million in start -up financing to scale its cross -border payment service across Africa. (Details))
- According to the announcementThe seed tour was led by the Capital -Risque Crypto Lattice Fund – supported by Maven 11, distributed capital and other investors.
How it works: Accumule allows users to send money to their local currencies while stablecoins feed transactions on the backend.
- The company uses an agent model between peers, similar to fund transfer networks.
Before now
- Accum, founded in 2021, initially offered a simple means for users to invest in cryptocurrencies and other long-term investment instruments.
- He used the average cost at a cost, an investment method that allows users to invest a lump sum in pieces staggered over time instead of all at once.
- However, following the crash of the cryptography market in 2022, he widened his services to include cross -border payments.
- Accum claims to have more than 200,000 users in six African countries, including Ghana, Kenya and Nigeria.
To come soon: Round Table Mariblock 2.0
Topline: The next edition of the Mariblock round table is coming soon!
- If you missed Stablecoins in December, you have certainly missed deep information from industry experts on the growing role of stablecoins in economic growth and innovation across Africa.
Here is an image of one of the panel sessions.
Here is your chance to compensate for this.
- Details will soon be available, but as a weekly Mariblock abundance, you get the first downstream. Stay listening and keep your ears open for more updates!
- We are open to partnerships. Answer this email if you want to know more.
Catch up
🌍 Africa Tech Summit unveils 55 finalists for the inaugural (Mariblock)
🇿🇦 Rival Uber South African Blockchain (my broadband)
🌍 Crypto among the 3 main industries most affected by identity fraud, says the report “Fraud in Africa” Smile ID 2025 (Bitcoinke)
Opportunities
- Visa opens the requests for cohort 4 of its Africa Fintech Accelerator program. Deadline: March 25, 2025. (Details))
- The African Blockchain Talent Society Web3bridge has opened the waiting list for its 13th cohort. Join the waiting list here.
That’s it for this week.
Until the next time, stay informed.
Acclamations,
Ogechi.
