{"id":21848,"date":"2025-04-13T08:46:45","date_gmt":"2025-04-13T08:46:45","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21848"},"modified":"2025-04-13T08:46:45","modified_gmt":"2025-04-13T08:46:45","slug":"africa-crypto-week-in-review-crypto-bill-in-kenya-nigeria-puts-off-binance-suit-as-cameroon-hosts-bitcoin-africa-conference","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21848","title":{"rendered":"Africa Crypto Week in Review: Crypto Bill in Kenya, Nigeria Puts Off Binance Suit as Cameroon Hosts Bitcoin Africa Conference"},"content":{"rendered":"<div>\n<p>In the latest Africa crypto news, the Kenya new virtual assets bill is before Parliament as the country seeks to regulate crypto. Meanwhile, Nigeria postponed the Binance tax lawsuit until the end of April. The government wants the exchange to pay $2 billion in tax it claims was not paid. Meanwhile, the Bitcoin Africa Conference is set for Cameroon.<\/p>\n<p><span data-preserver-spaces=\"true\">The African regulatory landscape is rapidly aligning with international trends in crypto regulation. In Kenya, the Parliament is considering a virtual assets bill just weeks after Nigeria passed new securities legislation that accommodates crypto. Meanwhile, authorities continue their feud with Binance in Nigeria, with courts now involved in the tussle. At the same time, the Bitcoin Africa Conference is set to take place in Cameroon in April.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Let\u2019s explore the stories that made the African crypto news headlines this week.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Kenya Crypto News: Virtual Assets Bill Before Parliament<\/span><\/h2>\n<p><span style=\"margin: 0px; padding: 0px;\">The Kenyan Treasury has\u00a0<a class=\"general-link\" href=\"http:\/\/www.parliament.go.ke\/sites\/default\/files\/2025-04\/THE%20VIRTUAL%20ASSET%20SERVICE%20PROVIDERS%20BILL%2C%202025%20%282%29.pdf\" target=\"_blank\" rel=\"noopener nofollow\">submitted<\/a> a bill to Parliament that seeks to regulate virtual asset service providers.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the past few months, the regulator has been conducting stakeholder consultations before forwarding the bill to Parliament for debate.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bill highlights include requiring the Capital Markets Authority (CMA) and the Central Bank to regulate service providers and exchanges. The two primary regulators must also enforce international regulations related to illicit money flows and customer identity.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today I reviewed Kenya\u2019s recently published  Virtual  Assets  Services Providers Bill 2025,  AN ACT of Parliament to provide a legislative framework to regulate virtual asset services in Kenya.<\/p>\n<p>All things considered, it looks ok to me. <a href=\"https:\/\/t.co\/si8T6xv3m4\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/si8T6xv3m4<\/a><\/p>\n<p>\u2014 Kioneki (@pesa_africa) <a href=\"https:\/\/twitter.com\/pesa_africa\/status\/1880874883321937967?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 19, 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\">Kenya has maintained a free approach to crypto regulation for over a decade. However, growing crypto usage and international trends have prompted regulators to pursue this legislation. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Crypto enthusiasts in the country hope for a participatory process that accommodates all aspects of this industry.<\/span><\/p>\n<p><strong>DISCOVER<a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\">: Top 20 Crypto to Buy in March 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Nigeria Crypto News: Binance Case Postponed to End of Month<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The legal troubles of Binance in Nigeria <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/nigerian-court-postpones-binance-tax-evasion-case-for-regulator-response\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">received<\/span><\/a><span data-preserver-spaces=\"true\"> a reprieve when a court adjourned a tax evasion suit to late April. For the past year, the mega-exchange has faced authorities in various capacities over its operations in Nigeria. Through the exchange, citizens could buy some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best Solana meme coins<\/span><\/a><span data-preserver-spaces=\"true\">, earning mega ROI during the last bull run.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.0.3\/72x72\/1f6a8.png\" alt=\"\ud83d\udea8\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> BREAKING: Nigeria has filed a lawsuit against Binance, claiming $79.5 billion in economic losses and $2 billion in unpaid taxes over the past two years. <a href=\"https:\/\/t.co\/aluZjOgbaG\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/aluZjOgbaG<\/a><\/p>\n<p>\u2014 Token Metrics (@tokenmetricsinc) <a href=\"https:\/\/twitter.com\/tokenmetricsinc\/status\/1892341384612298966?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 19, 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 government has filed a claim against Binance for $2 billion in back taxes allegedly owed by the exchange. Binance views this claim as punitive and has filed a court motion to contest it. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For one, Binance argues that it is incorporated in the Cayman Islands and does not have a presence in Nigeria to create the tax liability claimed by authorities.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Even as the case outcome remains pending, crypto stakeholders are considering the broader implications for the entire crypto sector. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Nigeria has had a love-hate relationship with the industry. It recently enacted securities laws seeking to create more structure for the sector. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The outcome of this battle and subsequent regulatory positions will indicate the direction the government chooses moving forward.<\/span><\/p>\n<p><strong>DISCOVER<a href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\">: Top Solana Meme Coins to Buy in March 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Cameroon Crypto News: Bitcoin Africa Conference Goes to Douala<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The Bitcoin Africa Conference will <\/span><span data-preserver-spaces=\"true\">take place<\/span><span data-preserver-spaces=\"true\"> in Douala, Cameroon, between April 25 and 27.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-224662\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867.png\" alt=\"\" width=\"1581\" height=\"672\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867.png 1581w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-300x128.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-1024x435.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-768x326.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-1536x653.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-50x21.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-308x131.png 308w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/04\/Screenshot-2025-04-10T230238.867-350x149.png 350w\" sizes=\"(max-width: 1581px) 100vw, 1581px\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/afriquebitcoin.org\/en\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">This event will focus on financial inclusion and innovation, aiming to bring together crypto entrepreneurs from across the region and the rest of the continent.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Previous editions of the conference were held in countries like Kenya and Senegal. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This conference provides another opportunity for innovators, entrepreneurs, and thought leaders to gather and explore ways to grow this industry on the African continent.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Organizers hope to inspire and educate the next generation of crypto innovators. In return, some may explore and even invest in some of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">best cryptos to buy in 2025<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"editor-rtfLink\" 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\/\" target=\"_blank\" rel=\"noopener\">Africa Crypto Week in Review: DePIN Summit Comes to Kenya, South Africa Tops in Merchant Crypto Payments, Nigeria Enacts New Securities Law<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Africa Crypto News: Kenya Crypto Bill, Nigeria Binance Lawsuit Delay, and Bitcoin Africa Conference in Cameroon<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Kenya seeks to regulate crypto. The virtual asset bill is before Parliament<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">A court in Nigeria postponed the case against Binance to the end of April. The government wants the exchange to pay $2 billion in tax<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Bitcoin Africa Conference 2025 is set for Douala, Cameroon. The goal is to promote crypto and its innovation<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-week-in-review-crypto-bill-in-kenya-nigeria-puts-off-binance-suit-as-cameroon-hosts-bitcoin-africa-conference\/\">Africa Crypto Week in Review: Crypto Bill in Kenya, Nigeria Puts Off Binance Suit as Cameroon Hosts Bitcoin Africa Conference<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the latest Africa crypto news, the Kenya new virtual assets bill is before Parliament as the country seeks to regulate crypto. Meanwhile, Nigeria postponed the Binance tax lawsuit until the end of April. The government wants the exchange to pay $2 billion in tax it claims was not paid. Meanwhile, the Bitcoin Africa Conference [&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-21848","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\/21848","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=21848"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21848\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}