Africa Crypto News: Binance Dey Praise Kenya Regulation Efforts, VALR and MoonPay Dey Expand Access, Nigeria Don Jail Crypto Scammers
Dis week for Africa crypto gist, Binance dey celebrate Kenya for di beta way dem dey try put law for crypto waka, especially di Virtual Assets Service Providers (VASP) Bill wey dey move for parliament. Larry Cooke wey be Binance African legal head talk say dis bill fit make Kenya be number one for di continent for correct crypto innovation, but e tell make dem no put heavy crypto tax wey go block how di industry go grow. Kenya move to make crypto license normal go make am strong as key market for digital assets for Africa. For South Africa, top exchange VALR talk say dem don join hand wit fintech company MoonPay to support 34 more currencies like Kenyan Shilling and Nigerian Naira. Dis move na to open road for more people to enter world crypto market as crypto follow grow for Africa. Meanwhile, Nigeria report say nine China people don get jail for one year and fine after dem confess say dem do crypto and romance scam. Economic and Financial Crimes Commission talk say dem still dey separate the fight against scammers and the wide crypto matter. For traders, dis kain tins mean Africa regulatory environment dey grow, market dey open more, and fight against fraud dey strong. All dis fit affect how crypto go spread, how investors go trust, and how trading go be for di area.
Bullish
Di tori tori don tell people about how Kenya dey do better for their regulation side, wey dey attract big big company dem interest and also dey make local people dey do innovation, wey before time don help all their market to grow and people trust am well well. VALR and MoonPay join hand make fiat onramps big well well, so e make am easy for new traders for Africa enter, dis one go help money flow well and people go still begin use am more. Even though Nigeria lock up some dodgy people, e no mean say dem dey attack crypto everywhere, na just say dem dey do some serious work for specific people like dis, dis one fit help reduce fear and make market better and safer. Overall, all these tins join hand make Africa crypto market get better hope, and e fit also make global traders feel good like how e happen before when big market dem do better regulation.