In this week’s Mariblock Weekly, we explore significant developments in cryptocurrency regulations across Africa. KPMG urges Nigerian banks to embrace blockchain and crypto firms following a reversal of the Central Bank’s ban on crypto transactions. Meanwhile, Rwanda has introduced draft regulations for virtual asset service providers, requiring them to register or face penalties, while South ...
The rise of AI agents is poised to transform businesses in Nigeria and globally, offering a new way for companies to operate more efficiently. These smart digital assistants can learn and make decisions independently, revolutionizing customer service by providing 24/7 support and personalized interactions. AI agents will assist with faster decision-making by analyzing data, streamline ...
The Nigerian government is moving towards taxing cryptocurrency transactions to boost revenue, with a new tax framework bill expected to be approved soon. The Securities and Exchange Commission (SEC) is working on establishing a formal taxation system for crypto transactions on regulated exchanges while also aiming to issue more licenses to these platforms. This initiative ...
Tigran Gambaryan, a former IRS special agent and cryptocurrency expert, faced a harrowing detention in Nigeria while on a business trip for Binance. Accused of economic crimes amid a national crisis, Gambaryan’s plea for help in a viral video highlighted the dire situation. His unexpected seven-month ordeal included poor conditions and a severe health decline ...
In this week’s Mariblock Weekly, we highlight the launch of Nigeria’s first regulated stablecoin, cNGN, which aims to gain traction in the local Market. This innovative digital currency, pegged to the naira, is already available on the Busha exchange. We also discuss StarkWare’s new $4 million fund dedicated to supporting African blockchain startups, focusing on ...
A recent report highlights that Nigeria and South Africa are leading the world in digital asset ownership. In Nigeria, an impressive 99% of people are familiar with digital assets, and 74% have owned them at some point, with 42% still owning these assets. South Africa also shows strong interest, with 68% having owned digital assets. ...
