{"id":31847,"date":"2025-06-14T10:16:42","date_gmt":"2025-06-14T10:16:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=31847"},"modified":"2025-06-14T10:16:42","modified_gmt":"2025-06-14T10:16:42","slug":"africa-crypto-news-week-in-review-binance-praises-kenya-valr-and-moonpay-partner-nigeria-jails-9-chinese-scammers","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=31847","title":{"rendered":"Africa Crypto News Week in Review: Binance Praises Kenya, VALR and MoonPay Partner, Nigeria Jails 9 Chinese Scammers"},"content":{"rendered":"<div>\n<p><em>In the latest Africa crypto news, Binance praises Kenya\u2019s crypto regulation progress but warns against heavy taxes. Meanwhile, VALR is partnering with MoonPay to expand access to more fiat currencies. Nigeria jails nine Chinese crypto scammers for one year.<\/em><\/p>\n<p><span data-preserver-spaces=\"true\">A Binance executive has praised Kenya\u2019s progress in regulating crypto but warned against punitive taxation. In South Africa, the leading crypto exchange, VALR, has partnered with MoonPay, a crypto payments provider, to improve global payment integration. Meanwhile, Nigeria has jailed nine Chinese nationals for perpetrating crypto scams within the country.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Let\u2019s explore these crypto stories from the African continent this week:<\/span><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">Kenya Crypto News: Binance Lauds Regulatory Progress<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Binance, a global exchange, has praised Kenya\u2019s efforts to create a regulatory framework for the crypto industry.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Larry Cooke, head of legal for Africa, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/nation.africa\/africa\/news\/binance-lauds-kenya-s-efforts-in-digital-assets-regulation-and-education-5079842\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> the progress made on the Virtual Assets Service Providers (VASP) Bill before parliament.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-248255\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067.png\" alt=\"\" width=\"1307\" height=\"872\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067.png 1307w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067-300x200.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067-1024x683.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067-768x512.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067-50x33.png 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-13T101921.067-350x234.png 350w\" sizes=\"(max-width: 1307px) 100vw, 1307px\"><\/p>\n<p><strong>(<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\">Source<\/a>)<\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe Virtual Asset Service Providers Bill is a game-changer, but more than that, it\u2019s a symbol of Kenya\u2019s willingness to lead Africa in responsible innovation,\u201d said Cooke. \u201cWe have been working closely with regulators, parliamentarians, and educators because the crypto ecosystem cannot thrive without trust.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the Binance executive cautioned against imposing punitive crypto taxes on the industry. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He believes Kenya can \u201clead the continent with smart, enabling policies.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Kenya has gradually become one of the most important crypto markets in Africa.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The introduction of the Kenya Virtual Assets Service Providers (VASP) Bill has set the stage for a dramatic shift in the crypto ecosystem. With the bill paving the way for \u2018mainstream\u2019 crypto licenses, the business landscape for startups in the Virtual Assets space is about to\u2026 <a href=\"https:\/\/t.co\/yrPXkXyihG\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/yrPXkXyihG<\/a><\/p>\n<p>\u2014 Kenya Blockchain &amp; Crypto Conference (@KBCC_01) <a href=\"https:\/\/twitter.com\/KBCC_01\/status\/1891706437081952294?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 18, 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 increased usage has led legislators to consider crypto legislation for the first time. As crypto also finds adoption, more Kenyans will explore and even consider investing in 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><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong>\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">9 Best Crypto Presales to Invest in June 2025 \u2013 Top Token Presales<\/span><\/a><\/p>\n<h2><strong><span data-preserver-spaces=\"true\">South Africa Crypto News: VALR and MoonPay Partnership<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">Two leading crypto platforms, VALR and MoonPay, are <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/blog.valr.com\/blog\/valr-and-moonpay-announce-integration-to-enhance-global-crypto-access\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">partnering<\/span><\/a><span data-preserver-spaces=\"true\"> to enhance crypto access for their users.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">VALR, the leading crypto exchange in Africa by trade volume, is joining hands with MoonPay to leverage its payment infrastructure.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The integration will allow VALR to support 34 new fiat currencies, including the Kenyan Shilling and the Nigerian Naira. This deal will allow investors to get exposure to the <\/span><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 cryptos<\/span><\/a><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe are thrilled to partner with MoonPay to enhance our platform\u2019s accessibility for users worldwide,\u201d said Farzam Ehsani, Co-Founder and CEO of VALR. \u201cThis integration empowers our global community with efficient access to cryptocurrencies, aligning with VALR\u2019s vision of building a financial system that reflects the oneness of humanity.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">VALR already has over 1 million regular users and hundreds of corporate clients.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Expanding this user base, especially as crypto usage rapidly grows in Africa, is a major reason for this partnership.<\/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\">Nigeria Crypto News: Nine Chinese Scammers Jailed<\/span><\/strong><\/h2>\n<p><span data-preserver-spaces=\"true\">The Nigerian anti-graft agency has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.premiumtimesng.com\/news\/more-news\/799271-court-jails-nine-chinese-nationals-for-cybercrime-economic-sabotage-orders-deportation.html\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">announced<\/span><\/a><span data-preserver-spaces=\"true\"> the jailing of nine Chinese nationals accused of crypto and romance scams.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Economic and Financial Crimes Commission stated that the individuals pleaded guilty to various crimes and received one-year prison sentences and fines.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"in\" dir=\"ltr\">BREAKING NEWS: Lagos Court Jails Nine Chinese for Cyber-t\u00a3rrorism and Internet Fraud in Lagos<\/p>\n<p>Their names are: LI Dong, \u00a0Deng Wei Qiang, Huang Bo, Xiong Zhen, Lai Rui Feng , Zhao Xiao Hui, Lui Hai Rong, Lui Gang\u00a0\u00a0and Du Ji\u00a0\u00a0Feng. <a href=\"https:\/\/t.co\/QI02J7Evvq\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/QI02J7Evvq<\/a><\/p>\n<p>\u2014 Nigeria Stories (@NigeriaStories) <a href=\"https:\/\/twitter.com\/NigeriaStories\/status\/1932413824076025887?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">June 10, 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\">Crypto scams are an unfortunate aspect of a digital, borderless payment system.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Thousands of Nigerian nationals are still reeling from the collapse of the CBEX exchange, which appears to be a sophisticated Ponzi scheme.<\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"CBEX Crash: Investors Lose More Than N1.3trn To Ponzi Scheme\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/cW-DYt-lIuw?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\">It is vital that authorities target actual scammers and fraudulent schemes rather than the entire crypto industry.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Crypto stakeholders in Nigeria hope this distinction will be made in future crackdowns.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:<\/span><\/strong> <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025 \u2013 Top New Crypto Coins<\/span><\/a><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Africa Crypto News: Binance Praises Kenya, Nigeria Jail Scammers<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <span data-preserver-spaces=\"true\">Kenya crypto news: Binance applauds Kenya\u2019s crypto regulation progress<\/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 news: VALR and MoonPay partners to boost crypto access<\/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 news: Nine Chinese nationals jailed for 1-year for crypto scams<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/africa-crypto-news-week-in-review-binance-praises-kenya-valr-and-moonpay-partner-nigeria-jails-9-chinese-scammers\/\">Africa Crypto News Week in Review: Binance Praises Kenya, VALR and MoonPay Partner, Nigeria Jails 9 Chinese Scammers<\/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, Binance praises Kenya\u2019s crypto regulation progress but warns against heavy taxes. Meanwhile, VALR is partnering with MoonPay to expand access to more fiat currencies. Nigeria jails nine Chinese crypto scammers for one year. A Binance executive has praised Kenya\u2019s progress in regulating crypto but warned against punitive taxation. In [&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-31847","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\/31847","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=31847"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/31847\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}