This Week in African Crypto
TawkCryptoWrap: Jan 16
Here's what you missed👇🏾
🟢 Market strength returns:
$BTC $95,384 ( 5.7%),
$ETH $3,302 ( 7.0%),
$SOL $142 ( 3.3%),
$BNB $933 ( 5.2%).
BTC finally breaks 95K resistance as institutions drive the rally while retail sits out
🟠Nigeria implements MAJOR crypto tax reforms
•As of Jan 1, all platforms MUST collect TIN & NIN, report monthly, store data 7 years. ₦10M penalty for violations. Your crypto is no longer anonymous
🟠@CanzaFinance hits $131M USDT transaction volume
•300% QoQ growth. CAPP protocol targets <1% fees, sub-60s settlement. Real stablecoin adoption, not speculation
🟠
@NALAmoney partners with Noah for stablecoin settlement
•5 days → Real-time. 9% fees → Near zero. Cross-border payments revolution for Africa
🟠South Africa REMOVED from EU high-risk list 🇿🇦
•Crypto compliance was KEY. Better banking access, stronger investor confidence, credibility boost for African crypto
🟠
@QuidaxGlobal shutting down P2P (Jan 23) delisting 35 tokens (Jan 31)
•Major platform restructuring. Convert/withdraw affected assets NOW
🟠Crypto YouTube views crash to 2021 lows
•Retail completely sidelined. Institutions dominate this cycle. Bear vibes despite bullish prices
Markets rallied. Africa kept building infrastructure.
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