{"id":30742,"date":"2025-06-07T10:17:18","date_gmt":"2025-06-07T10:17:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30742"},"modified":"2025-06-07T10:17:18","modified_gmt":"2025-06-07T10:17:18","slug":"africa-crypto-news-week-in-review-south-africa-calls-for-modern-crypto-laws-kenyan-banks-ready-for-crypto-as-tether-expands","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30742","title":{"rendered":"Africa Crypto News Week in Review: South Africa Calls for Modern Crypto Laws, Kenyan Banks Ready for Crypto as Tether Expands"},"content":{"rendered":"<div>\n<p><em>Africa crypto news: A judge in South Africa wants modern crypto laws and banks in Kenya ready for crypto as Tether invests in Shiga Digital.<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">A South African judge has criticized the country\u2019s financial regulators for relying on Apartheid-era laws to regulate crypto. In Kenya, a Central Bank survey reveals that an increasing number of banks are prepared to support cryptocurrency payments. Meanwhile, Tether, the issuer of the popular USDT stablecoin, has invested in the pan-African crypto and fintech platform Shiga Digital. Tether wants to expand its presence in the continent.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Let\u2019s explore these crypto stories that dominated headlines in Africa this week:<\/span><\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in June 2025<\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">South Africa Crypto News: Judge Calls for Modern Laws<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">A High Court judge in South Africa, Mandlenkosi Motha, has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/596209-significant-court-ruling-about-cryptocurrency-in-south-africa.html\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">criticized<\/span><\/a><span data-preserver-spaces=\"true\"> the South African Reserve Bank for using Apartheid-era laws to regulate crypto. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He noted that cryptos have existed for 15 years, and there is no reason to continue using outdated laws. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These comments were made in a ruling involving South African bank Standard Bank and James Ewing &amp; Sons, which had transferred funds to international crypto exchanges. <\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"SARS scrutinizing crypto-currency traders: Margaret Vermaak\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/IeBj6pg7Zqk?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\">Part of the discussion centered on South African exchange control laws.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Judge Motha agreed with submissions made during the case regarding the inadequacy of old laws for regulating cryptos, including some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">next cryptos to explode<\/span><\/a><span data-preserver-spaces=\"true\">. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These comments highlight the need to modernize exchange control and related legislation for crypto. It especially comes when South Africa is becoming a crypto hub.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">South Africa is quietly becoming the Switzerland of African c rypto\u2026<\/p>\n<p>248 crypto licenses were approved by December 2024, 420 applications were received, and only nine were declined.<\/p>\n<p>That&#8217;s a 95%+ approval rate for companies meeting standards.<\/p>\n<p>What&#8217;s driving this:<\/p>\n<p>\u2013 Clear\u2026<\/p>\n<p>\u2014 I D R I S (@olanetsoft) <a href=\"https:\/\/twitter.com\/olanetsoft\/status\/1929889584789221633?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Kenya Crypto News: Banks Ready to Offer Crypto Services<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">According to a Central Bank innovation <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.citizen.digital\/business\/31-of-kenyan-banks-ready-to-deal-in-cryptocurrency-cbk-n364054\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">survey<\/span><\/a><span data-preserver-spaces=\"true\">, nearly a third of Kenyan banks are ready to support crypto transactions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Parliament is currently debating legislation on virtual asset service providers, and this finding indicates that the banking sector can support it.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"Kenyan banks ready to offer crypto deals\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/CumkpoloaOo?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\">The survey is informal but shows the opportunities banks see in this industry.\u00a0<\/span><\/p>\n<p>Banks are warming up, 10 years after the Central Bank of Kenya discouraged banks from engaging with Bitcoin and cryptos in general.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-245850 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622.png\" alt=\"Africa crypto news: A judge in South Africa wants modern crypto laws and banks in Kenya ready for crypto as Tether invests in Shiga Digital\" width=\"1102\" height=\"879\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622.png 1102w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622-300x239.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622-1024x817.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622-768x613.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622-50x40.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622-251x200.png 251w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-06T130620.622-350x279.png 350w\" sizes=\"(max-width: 1102px) 100vw, 1102px\"><\/p>\n<p><strong>(<a class=\"general-link\" href=\"https:\/\/www.centralbank.go.ke\/uploads\/banking_circulars\/2075994161_Banking%20Circular%20No%2014%20of%202015%20-%20Virtual%20Currencies%20-%20Bitcoin.pdf\" target=\"_blank\" rel=\"noopener nofollow\">Source<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">If the VASP bill before Parliament is enacted into law, it could be a watershed moment for crypto, allowing businesses to operate within a defined regulatory framework.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Millions of Kenyans are already transacting in various cryptos, and a supportive framework could further propel usage, even helping funnel more capital into some of the <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">best meme coin ICOs<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Africa Crypto News: Tether Invests in Shiga Digital, Seeks to Expand<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Tether, the issuer of USDT, has expanded its presence in Africa by <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/tether.io\/news\/tether-invests-in-shiga-digital-to-strengthen-africas-on-chain-financial-ecosystem\/\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">investing<\/span><\/a><span data-preserver-spaces=\"true\"> in Shiga Digital. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The stablecoin issuer aims to improve the use of USDT for cross-border African settlements. Most importantly, the extensive reach and credibility of USDT can provide valuable liquidity for Shiga Digital. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Need a simple and easy way to receive GBP or Euro to your bank account from stablecoin? Well simply share your Shiga stablecoin wallet and receive GBP or EURO in ANY of your GBP or EUR bank accounts.<\/p>\n<p>Once you set up your accounts \u2013 you simply send stablecoin to your associated\u2026<\/p>\n<p>\u2014 abiolashogbeni.eth (@shogz_snr) <a href=\"https:\/\/twitter.com\/shogz_snr\/status\/1874787886832197728?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 2, 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\">USDT is a crucial trading pair for thousands of cryptos and is a safe refuge for traders seeking to mitigate volatility in their trading.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">This partnership could be a win-win, as Shiga Digital has built a suite of products and over-the-counter services for its users.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiga Digital specializes in blockchain apps for digital finance and cloud technology. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It has a pan-African focus, with co-founder Abiola Shigbeni bringing insight into the African market.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Next 1000x Crypto \u2013 10 Coins That Could 1000x in 2025<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Africa Crypto News: South Africa Modern Laws, Kenya Banks Crypto<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">South Africa crypto laws: Judge wants enactment of modern crypto laws<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Kenyan crypto news: Central Bank survey shows banks are ready for cryptos<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Africa crypto news: Tether invests in Shiga Digital as it eyes regional expansion<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>2025<\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/africa-crypto-news-week-in-review-south-africa-calls-for-modern-crypto-laws-kenyan-banks-ready-for-crypto-as-tether-expands\/\">Africa Crypto News Week in Review: South Africa Calls for Modern Crypto Laws, Kenyan Banks Ready for Crypto as Tether Expands<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Africa crypto news: A judge in South Africa wants modern crypto laws and banks in Kenya ready for crypto as Tether invests in Shiga Digital. A South African judge has criticized the country\u2019s financial regulators for relying on Apartheid-era laws to regulate crypto. In Kenya, a Central Bank survey reveals that an increasing number of [&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-30742","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\/30742","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=30742"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30742\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}