Africa Crypto News Recap: South African Court Supports Digital currency, Kenya Set to Hold Blockchain Conference, Blockchain.com Expands in Nigeria

Africa digital currency updates: A High Court in Gauteng, South Africa, has determined that crypto asset is not bound by trading protocol controls. A crypto conference is slated to take place in Kenya in June. Blockchain.com is establishing a presence in Nigeria.

South African crypto enthusiasts received significant relief after the High Court declared that digital tokens, including some of the best cryptocurrencies to acquire at present, are not governed by trading network control laws.

In Kenya, crypto professionals are gearing up for a distributed record conference in mid-June, with Binance as the primary sponsor.

On the western coast of Africa, Blockchain.com is poised to inaugurate an office in Nigeria as part of its continent-spanning growth initiative.

Let’s dive into the key crypto asset narratives from Africa this week:

South Africa Cryptocurrency Updates: Tokens Exempt from Trading network Controls

The High Court in Pretoria, South Africa, has ruled that cryptocurrencies do not meet the definition of “capital” under South Africa’s exchange control regulations.

South Africa enforces stringent trading protocol control laws, which require government approval for the export of certain types of capital.

Defining cryptocurrencies as capital for exchange regulations would have posed challenges due to their inherent global nature.

Crypto traders are no longer required to seek approval from the South African Reserve Bank (SARB) before transferring cryptocurrency from local service providers to international platforms.

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Kenya Cryptocurrency Updates: Distributed database Conference Planned for June

The Kenya Blockchain and Crypto Conference is scheduled for June 12 and 13 in Nairobi.

This conference will host more than 1,500 participants from the crypto sector throughout Africa, as Kenya is emerging as a key player in the crypto marketplace.

With over 5 years of experience building mobile and backend systems in fintech and Web3, Renny Langat is helping redefine how decentralized technologies integrate with real-world systems.

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 unite regulators, developers, investors, and policymakers to discuss strategies for enhancing regional adoption and technological advancement.

Binance, which features some of the next 1000X cryptocurrencies, is a prominent sponsor of this gathering, enabling other crypto entities to present their offerings.

Kenyan lawmakers are also reviewing a Virtual Assets Service Providers (VASP) bill that could influence the nation’s cryptocurrency integration.

This conference will provide an opportunity for industry professionals to help shape the legislation for practical applications.

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Africa Crypto asset Updates: Distributed record.com’s Expansion

The UK-based crypto asset exchange Blockchain.com plans to expand into various African markets and establish an office in Nigeria.

The exchange emphasizes that enhanced regulatory clarity throughout the continent is facilitating its growth into Africa.

Nigeria, Ghana, and South Africa have made significant moves in their regulatory frameworks.

Ghana is set to introduce legislation to regulate the industry in alignment with global best practices later this year. Meanwhile, Nigeria has already enacted laws this year governing securities in the digital currency realm.

By opening a physical office, Blockchain.com will be the first foreign digital currency exchange to enter Nigeria, demonstrating confidence despite Nigeria’s past disputes with Binance last year.

BREAKING NEWS: Binance planning to exit the Nigerian trading market, halting services in local currency.

The platform has notified users that any remaining NGN balances will automatically be converted to Tether (USDT) stablecoin after March 8. Users are advised to withdraw, trade… pic.twitter.com/eXlmfeft63

— Nigeria Stories (@NigeriaStories) March 5, 2024

Establishing a physical office indicates strong belief in the Nigerian trading market and, by extension, across several African nations.

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The article Africa Digital currency Announcement in Review: South Africa Court Supports Digital currency, Kenya to Host Distributed record Conference, Distributed record.com in Nigeria first appeared on 99Bitcoins.