Africa crypto news: A High Court in Gauteng, South Africa, rules that crypto is free from exchange controls. Kenya will host a crypto conference in June. Blockchain.com is setting up an office in Nigeria.
South African crypto holders got a major reprieve after the High Court said tokens, including some of the best cryptos to buy now, are not subject to exchange control regulations.
Meanwhile, crypto stakeholders in Kenya are ready for a blockchain conference in mid-June. Binance will be the main sponsor.
On the West African coast, Blockchain.com is set to open an office in Nigeria as part of a continent-wide expansion drive.
Let’s explore the major crypto stories on the African continent this week:
South Africa Crypto News: Tokens Not Subject to Exchange Controls
A High Court in Pretoria, South Africa, has ruled that cryptos do not qualify as “capital” under the country’s exchange control regulations.
South Africa has strict exchange control regulations, requiring regulatory approval to export specific types of capital.
Classifying crypto as capital for exchange control would have been problematic, given its borderless nature.
Crypto traders no longer need the South African Reserve Bank (SARB) approval before moving crypto from crypto money service providers in the country to international options.
DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in May 2025
Kenya Crypto News: Blockchain Conference Set for June
The Kenya Blockchain and Crypto Conference is scheduled for June 12 and 13 in Nairobi.
This conference will gather over 1,500 industry stakeholders across Africa as Kenya continues to become an important hub for crypto commerce.
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As a co-founder at Jua Labs, advisor at @ADAMUR_R, and an engineer at @lipad_io, he’s… pic.twitter.com/Eq9X6gFw2J
— Kenya Blockchain & Crypto Conference (@KBCC_01) May 29, 2025
The event will bring together regulators, developers, investors, and policy experts to explore ways to boost regional adoption and innovation.
Binance, which lists some of the next 1000X cryptos, is a notable sponsor of the event, which will allow other crypto platforms to showcase their services.
Kenyan legislators are also debating a Virtual Assets Service Providers (VASP) bill that could shape the country’s crypto adoption.
This conference will be a chance for industry stakeholders to contribute to making this legislation fit for purpose.
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UK crypto exchange Blockchain.com is set to expand to multiple African countries and open a physical office in Nigeria.
The exchange states that growing regulatory clarity on the continent drives its expansion into Africa.
Nigeria, Ghana, and South Africa have taken steps in the regulatory landscape.
Ghana will enact legislation later this year to govern the industry per international best practices. Meanwhile, Nigeria enacted legislation on securities governing the crypto sector earlier this year.
Blockchain.com will become the first foreign crypto exchange to establish a presence in Nigeria, signaling confidence after Nigeria’s public dispute with Binance last year.
BREAKING NEWS : Binance set to exit Nigerian market, ceases provision of services in local currency.
The platform has informed users that any remaining NGN balances will be automatically converted to Tether (USDT) stablecoin after March 8. Users are advised to withdraw, trade… pic.twitter.com/eXlmfeft63
— Nigeria Stories (@NigeriaStories) March 5, 2024
Opening a physical office is a vote of confidence in the Nigerian market and, by extension, multiple African countries.
DISCOVER: 7 High-Risk High-Reward Cryptos for 2025
Africa Crypto News: South Africa Court Ruling, Blockchain.com Nigeria
South Africa crypto news: High Court rules that cryptos are exempt from exchange control regulations
Kenya crypto news: Binance is backing a crypto event scheduled for mid-June 2025 in Nairobi, Kenya
Nigeria crypto news: Blockchain.com is expanding in Africa. Will set up a physical office in Nigeria
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