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REGULATION | African Stablecoin On/Off Ramp, Yellow Card, Secures Category 1 Crypto Asset Service Provider Licence in South Africa
Yellow Card, a leading provider of stablecoin-based infrastructure in Africa, has been granted a Category I Crypto Asset Service Provider (CASP) license by the Financial Sector Conduct Authority (FSCA) in South Africa.
A CAT I license is the standard financial service provider license required
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IDENTITY | South Africa Revenue Service (SARS) Working on Integrated Digital Identity, Visas for Citizens for Tax Assessments in Seconds
SARS, in partnership with the Reserve Bank and Home Affairs, is developing a digital identity to streamline South Africa's identification system. This initiative aims to enhance efficiency and security while reducing fraud, akin to similar efforts in Kenya and Nigeria.
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Why Don’t You Try to Build Your Crypto Exchange in Slovakia? Prifinance Can Do It for You
This essay highlights Slovakia as an underestimated but promising European jurisdiction for launching crypto projects, emphasizing its cost-effectiveness and growth potential for startups in the crypto sector.
ai-iconThe abstract is generated by AI
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USE CASE | South African ‘Big 4’ Bank, First National Bank, Considers Blockchain to Digitize Over 1 Million Customer Title Deeds
FNB is exploring blockchain technology to digitize title deeds, improving property ownership tracking, while maintaining a stance against cryptocurrencies despite regulatory guidance to engage with crypto markets.
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South African Exchanges Report ‘More Than Double’ Crypto Volumes Surge as Bitcoin Hits Repeated All-Time Highs
The essay discusses a significant increase in cryptocurrency trading in South Africa following Donald Trump's election win, with Bitcoin's price surging and trading volumes up by 200-400%. South African exchanges are experiencing unprecedented activity, particularly with Bitcoin and Tether, while traditional finance is reevaluating cryptocurrencies.
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SteemIt, an Early Blockchain Social Media Platform, Claims Over 14% of its User Base is Nigerian
Steemit, one of the earliest blockchain-based social media platforms, says it has now surpassed 1 million registered users globally. According to the company, 14.4% of these users – over 140,000 – are Nigerians, making the country one of its fastest-growing markets.
The platform, which rewards user
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Introducing the Kamusi DAO Project – Creating a Swahili Web3 Dictionary for Africa
The Kamusi DAO Project aims to create a Kiswahili Web3 dictionary that highlights Africa's cultural diversity, promoting inclusivity and participation through decentralized technology. It empowers marginalized communities and fosters equitable development in the Web3 space.
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FUNDING | Egyptian Fintech, Paymob, Raises Additional $22 million in Series B Extension for MENA Expansion After 6x Growth in Egypt
Egyptian financial services provider, PayMob, has secured an additional $22 million in funding to its series B round.
The round was led by EBRD Venture Capital, with participation from:
Endeavor Catalyst
PayPal Ventures
BII
FMO
A15
Nclude, and
Helios Digital Ventures, and
all existing
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PARTNERSHIP | South African Fintech, Peach Payments, to Integrate Whatsapp-Based Sales in Partnership with Kenyan CRM, Sukhiba
Peach Payments partners with Kenyan CRM Sukhiba to offer WhatsApp-based sales solutions for South African merchants, enhancing conversational commerce and payment processing, while enabling seamless customer engagement.
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REALITY CHECK | Why Reddit Terminated the Crypto Community Points Project and Looks to Reward Users in Cash Instead
According to a post on Reddit by a member of its Community team, the social platform will put an end to its cryptocurrency project, Community Points, due to difficulty scaling it.

According to the post on r/CryptoCurrency by the user u/cozy\_\_sheets , the regulatory environment has added to sca
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