African Crypto News Week of Review: South Africa’s Enforcement Action, Central Bank of Ghana, Nigeria Exchange on VASP Registration

African Crypto News under review: ROQQU expands to Kenya as South Africa cracks down on fraud. Ghana will clarify its VASP registration.

Nigerian exchange Roquu has acquired a Kenyan startup with an eye on the East African market. Meanwhile, South African regulators are stepping up efforts to combat fraud in the online crypto sector.

In Ghana, central banks are ultimately set up to issue directives regarding the registration of virtual asset service providers (VASPs). Clarity allows users to gain exposure, just encourage more businesses to set up their shop Next 1000X Cryptos.

Let’s take a quick look at these continent headings below.

Kenya Crypto News: Nigerian Exchange acquires Kenyan startup

Nigerian Crypto Exchange Roqqu has I’ve got it Kenyan startup Flitaa sees growth in the East African market.

Flitaa was launched in 2019 and is open in Kenya, Tanzania, Uganda and Ghana. ROQQU has acquired a startup and become a true Pan Africa platform, increasing the number of people investing in some The best cipher to buy.

https://www.youtube.com/watch?v=-_itcg5msee

The East African market is a fertile ground for Nigerian organizations. Kenya and Uganda are also British countries, supporting regulatory frameworks for outside investors.

Kenya’s move to enact a bill for virtual asset providers will clarify the market for external investors looking to enter.

Roquu has put his early bet on this growth, hoping to become a prominent player in these markets.

Discover: 20+ Next Cryptocurrency to Explode in 2025

South African Crypto News: Regulators crack down on online fraud

South Africa’s financial market regulator, Financial Sector Action Authority (FSCA) announcement Spending R200 million over the next 18 months to combat online scams.

This movement occurs in the general calculations of South Africa and requires modernization of financial sector regulations.

Unfortunately, Crypto is a component of the scam blueprint. South Africa has had several infamous cases, including the disappearance of about 70,000 BTC from a platform called Africapt in 2021.

Warnings for Financial Influencers

The South African Financial Sector Action Authority (FSCA) is facing the rise of unregulated financial influencers, or “Finfluencers,” providing advice on popular social media platforms.

As of April 2025, FSCA is currently under investigation… pic.twitter.com/npcjfqiywu

– Business Axplainer (@buzinessx) April 7, 2025

Investing in online fraud crackdowns can be a positive for the crypto sector, which is suffering from a surge in such entities.

Ghana Crypto News: Central Bank Issues Directive on Registration

A few months after suggesting new regulations, the Central Bank of Ghana has issued An order that all virtual asset service providers will register by August 15th.

Central banks are issuing directives to comply with international trends regarding disclosure and regulation of crypto exchanges.

https://www.youtube.com/watch?v=Br50EOC6O-C

For years, Ghana had little regulation in the crypto sector. However, increased use in local markets and pressure from international entities has led to this update.

Crypto stakeholders aim to follow this deadline to continue operating in this market.

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