In the latest news of Africa’s encryption, Binance praises the progress of the encryption organization in Kenya but warns of heavy taxes. Meanwhile, Valr cooperates with Moonpay to expand access to more Fiat currencies. Nigeria imprisoned nine fraudsters for the Chinese for one year.
Bonance’s executive has praised Kenya’s progress in the organization of encryption, but he warned against punitive taxes. In South Africa, Crypto Exchange, Valr, has a partnership with Moonpay, a coding supplier, to improve global payment integration. Meanwhile, Nigeria imprisoned nine Chinese citizens to commit encrypted fraud inside the country.
Let’s explore these encryption stories from the African continent this week:
Kenya Check News: Binance Lauds Organizational Progress
Binance, a global exchange of Kenya’s efforts to create an organizational framework for the encryption industry.
Larry Cook, Head of Africa’s Legal Law, male Progress made in the virtual assets service law (VASP) before Parliament.
(source)
“The virtual assets service law is a changing games, but it is more than that, it is a symbol of Kenya’s willingness to lead Africa in responsible innovation,” Cook said. “We have worked closely with the organizers, parliamentarians and teachers because the ecosystem of encryption cannot flourish without confidence.”
However, the Executive Authority warned Binance against imposing punitive encryption taxes on this industry.
He believes that Kenya can “lead the continent with smart policies and empower.”
Kenya has gradually became one of the most important encryption markets in Africa.
The introduction of the Virtual Asset Services Law in Kenya (VASP) has made a dramatic transformation in the ecosystem for encryption. With Pill Poving The Tay for “prevailing” encryption licenses, the business scene for emerging companies in the virtual asset space is about … pic.twitter.com/yrpxkxyihg
– Kenya Blockchain and encryption conference (@kbcc_01) February 18, 2025
The increasing use prompted legislators to consider encryption legislation for the first time. As Crypto also finds adoption, it will explore more Kenyans and even think about investing in some The best Mimi ICOS coin.
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South African Crypting News: Valler and Monpay Partnership
Two leading encryption platforms, Valr and Moonpay, Partnership To enhance the arrival of encryption to its users.
Valr, Crypto Exchange in Africa through the volume of trade, joins Moonpay to take advantage of its payment structure.
Valr integration will allow 34 FIT currencies to support, including Shilly Shilling and Nigerian Naera. This deal will allow investors to be exposed to 1000x Cryptos.
“We are pleased to cooperate with Moonpay to enhance the possibility of our platform for users all over the world,” said Valr. “This integration enables our global society to effectively access encoded currencies, and is compatible with Valr’s vision to build a financial system that reflects the oneness of humanity.”
Valr has already more than a million regular users and hundreds of corporate customers.
The expansion of this user base, especially since the use of encryption is rapidly growing in Africa, is a major cause of this partnership.
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Nigeria encryption news: Nine Chinese imprisonment prison
The Nigerian Agency to Combat Illegal Grace Declare Nine Chinese citizens are imprisoned for encryption and romantic fraud.
The Economic and Financial Crime Committee stated that individuals acknowledged that they were guilty of various crimes and obtained sentences and fines in prison for one year.
Burical news: Lagos Court Prison is nine Chinese for Cyber-T £ RRORISM and online fraud in Lagos
Their names are: Li Dong, Deng Wei Qiang, Huang Bo, Xiong Zhen, Lai Rui Feng, Zhao Xiao Hui, Lui Hai Rong, Lui Gang and Du Ji Feng. pic.twitter.com/qi02j7evq
Nigeriastories stories June 10, 2025
Cracks are an unfortunate aspect of the Digital Payment System.
Thousands of Nigerian citizens are still reeling from the collapse of the CBEX exchange, which seems to be an advanced Bonzi scheme.
It is important for the actual fraudulent authorities to target and fraudulent plans instead of the entire encryption industry.
The stakeholders hope for encryption in Nigeria that the discrimination will be made in the future.
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African Check News: Bennes Kenya praises the staples of Nigeria prison
- Kenya Checks News: Bennes is scored
- South Africa Check News: Valr and Moonpay Partners to enhance access to encryption
- Nigeria’s encryption news: Nine Chinese citizens were imprisoned for one year due to coding fraud
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