{"id":20720,"date":"2025-04-05T13:01:41","date_gmt":"2025-04-05T13:01:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20720"},"modified":"2025-04-05T13:01:41","modified_gmt":"2025-04-05T13:01:41","slug":"africa-crypto-week-in-review-depin-summit-comes-to-kenya-south-africa-tops-in-merchant-crypto-payments-nigeria-enacts-new-securities-law","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20720","title":{"rendered":"Africa Crypto Week in Review: DePIN Summit Comes to Kenya, South Africa Tops in Merchant Crypto Payments, Nigeria Enacts New Securities Law"},"content":{"rendered":"<div>\n<p>Africa crypto news: Kenya crypto news was dominated by the DePIN Summit in July, as South Africa crypto news shows that the country leads merchant payments. In Nigeria, will this new crypto law spark growth?<\/p>\n<p><span data-preserver-spaces=\"true\">Unsurprisingly, South Africa is the most sophisticated crypto market on the continent, primarily due to its merchant crypto payment prowess. Meanwhile, Kenya will host the next edition of the DePIN Network annual crypto event. On the western side of the continent, Nigeria has finally enacted a legal framework that accommodates crypto as part of its securities framework.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_67f1268894db4\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_67f1268894db4-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_67f1268894db4-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67f1268894db4-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67f1268894db4-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_67f1268894db4-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_67f1268894db4-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_67f1268894db4-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_67f1268894db4-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_67f1268894db4-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_67f1268894db4-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_67f1268894db4-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_67f1268894db4-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><span data-preserver-spaces=\"true\">Let us explore these stories in some detail:<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Kenya Crypto News: DePIN Event Set For Mombasa and Zanzibar<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Global crypto organization Decentralized Physical Infrastructure Networks (DePIN) has <a class=\"general-link\" href=\"https:\/\/www.depinsummit.xyz\/\" target=\"_blank\" rel=\"noopener nofollow\">announced<\/a> that it will hold its annual Africa event in Mombasa, Kenya. The event focuses on decentralized infrastructure, blockchain solutions, and sustainability.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">DePIN will hold its event from July 2 to 5, with the first day in Mombasa, Kenya, followed by the island of Zanzibar, off the coast of Tanzania. The summit intends to gather industry leaders, innovators, and policymakers to transform blockchain development on the continent. In turn, this could help funnel capital to some of the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">best cryptos to buy in 2025<\/a>.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Organizations such as EV3, Share, and Threefold are crucial in organizing the summit. The event will feature several notable speakers from these organizations and beyond, all of whom will contribute to its overall success.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">South Africa Crypto News: Leader In Merchant Crypto Adoption<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">South Africa is one of the top crypto markets in the world. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A\u00a0<a href=\"https:\/\/bitcoinke.io\/2025\/04\/south-africa-leads-africa-in-merchant-crypto-payment-adoption\/\" target=\"_blank\" rel=\"noopener nofollow\">survey<\/a> confirmed\u00a0that it is the top-ranked African market for merchant crypto payments. This metric is vital because it shows the relative maturity of the South African market, with many institutional-level players adopting crypto as a payment system.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">notes from APEX, Cape Town<img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f1ff-1f1e6.png\" alt=\"\ud83c\uddff\ud83c\udde6\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>\u2013 incredible market for *local* stablecoin &amp; payment focused teams <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f3af.png\" alt=\"\ud83c\udfaf\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"><\/p>\n<p>\u2013 bcoz similar to India the region has capital controls and lack of regulatory clarity (for now) <\/p>\n<p>\u2013 early &amp; talented solana community in the region (eco project employees,\u2026 <a href=\"https:\/\/t.co\/sZp0nE7a5a\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/sZp0nE7a5a<\/a><\/p>\n<p>\u2014 Aditya Shetty (@AdityaShetts) <a href=\"https:\/\/twitter.com\/AdityaShetts\/status\/1906415101793763814?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 30, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The country has about 584 merchant locations accepting crypto payments, placing it head and shoulders above any other market on the continent. Notably, South Africa ranks sixth globally, trailing only the USA, Brazil, Czech Republic, El Salvador, and Italy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Countries like Kenya and Nigeria largely rely on peer-to-peer crypto usage, and its citizens actively participate in some of the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">hottest presales<\/a>. However, South Africa shows a decent level of integration between crypto and the business sector. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If crypto is to truly challenge fiat and replace it as a medium of exchange, such widespread merchant acceptance is necessary for growth.<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Nigeria Crypto News: New Securities Law\u2013What You Should Know<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">In the past week, Nigerian President Bola Tinubu <a class=\"general-link\" href=\"https:\/\/www.forbesafrica.com\/current-affairs\/2025\/04\/02\/africas-largest-crypto-market-finally-legalizes-virtual-assets-after-complex-history\/\" target=\"_blank\" rel=\"noopener nofollow\">signed<\/a> the Investment and Securities Act, which recognizes virtual assets and investment contracts as securities in the country. This development helps ease some of the uncertainty surrounding crypto in Nigeria after a tumultuous year of crackdowns.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Nigeria\u2019s Investments and Securities Act 2025\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/vn6BcG9rSPE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span data-preserver-spaces=\"true\">This legislation is remarkable for a country whose central bank directed financial institutions in 2021 to stop facilitating crypto transactions. Nigeria also hit the headlines this year with the arrest of a Binance executive as part of a crackdown on the exchange, which ultimately caused Binance to exit this market temporarily.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The law seeks to create a more certain environment for investors while enhancing transparency and compliance with global standards for issuers. Crypto stakeholders are watching the development cautiously, hoping this could finally be a turning point for the country\u2019s crypto industry, which has had a love-hate relationship with the Nigerian government.<\/span><\/p>\n<p><strong>DISCOVER: <\/strong><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-news-zambia-bitcoin-mining-binance-nigeria-news\/\" target=\"_blank\" rel=\"noopener\">Africa Crypto Week in Review: Quidax and Tether Unite to Crypto Education in Africa, Zambia Bitcoin Mining Powers Homes, Nigeria Reignites Feud with Binance<\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Africa Crypto News 2025: Kenya DePIN Summit, South Africa Merchant Lead, Nigeria New Crypto Law<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Kenya Crypto Summit 2025: DePIN annual event to be held in Mombasa and Zanzibar in July<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">South Africa Crypto Dominance: SA tops Africa with 584 merchant crypto locations, ranking 6th globally in adoption<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Nigeria Crypto Legislation: New 2025 securities law recognizes virtual assets, easing uncertainty after Binance crackdowns<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-news-in-review-depin-summit-comes-to-kenya-south-africa-tops-in-merchant-crypto-payments-nigeria-enacts-new-securities-law\/\">Africa Crypto Week in Review: DePIN Summit Comes to Kenya, South Africa Tops in Merchant Crypto Payments, Nigeria Enacts New Securities Law<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Africa crypto news: Kenya crypto news was dominated by the DePIN Summit in July, as South Africa crypto news shows that the country leads merchant payments. In Nigeria, will this new crypto law spark growth? Unsurprisingly, South Africa is the most sophisticated crypto market on the continent, primarily due to its merchant crypto payment prowess. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20720","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20720"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20720\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}