Africa Crypto Announcement Weekly Recap: ABSA Teams Up with Ripple, Ghana’s Central Bank Introduces Crypto Regulations; Distributed record.com Pursues License in Nigeria

ABSA Bank, one of Africa’s largest banks, is collaborating with Ripple to offer custodial services using the Ripple distributed database. This move marks yet another key development in the adoption of cryptocurrency by mainstream financial institutions.

The central bank plans to implement crypto asset regulations in Ghana by December. Ghana is following in the footsteps of several other major nations on the continent that have recently passed similar laws.

Concurrently, Blockchain.com is pursuing a crypto asset exchange license from Nigeria’s Securities and Exchange Commission. This decision follows shortly after the protocol designated Nigeria as its regional hub.

Let’s explore these stories making headlines across the continent this week:

South Africa Crypto News: ABSA Bank teams up with Ripple

The banking giant ABSA Bank in South Africa is joining forces with Ripple to enable users to securely store cryptocurrencies and digital assets on the Ripple blockchain. This initiative is another important acceptance of crypto by established financial entities.

ABSA clients can now store crypto asset with Ripple and utilize integrated tools for managing their digital holdings.

BREAKING: Ripple extends its global custody services into Africa through a new collaboration with Absa Bank. pic.twitter.com/jbu1d8OQQ4

— Big investor Insider (@WhaleInsider) October 15, 2025

Reece Merrick, Ripple’s managing director for the Middle East and Africa, described the partnership as a “significant transformation” that highlights their dedication to realizing the potential of crypto asset.

“Africa is undergoing a substantial transformation in the way value is stored and exchanged, and our partnership with Absa reaffirms Ripple’s dedication to harnessing the potential of digital assets on the continent.”

The bank is counting on its young, digitally-savvy clientele to adopt this new service. Established institutions like ABSA are leveraging such collaborations to appeal to a wider audience while staying abreast of evolving financial trends.

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Ghana Crypto News: Central Bank to Launch Regulations by December         

The Central Bank of Ghana (CoG) plans to introduce crypto regulations by December 2025. Ghana is aligning with the trend among various nations on the continent, including Nigeria and Kenya, that have recently passed similar regulations.

We should be able to regulate cryptocurrencies in Ghana by end of December… – Dr. Johnson Asiama (BoG Governor)#GHOneNews #EIBNetwork#GHOneTV #NewsAlert pic.twitter.com/PDhAyFyzGy

— GHOne TV (@ghonetv) October 16, 2025

Governor Johnson Asiama of the CoG shared this timeline during a recent IMF event. He elaborated on the purpose of the proposed legislation:

“We have developed a regulatory framework and have a new bill aimed at regulating virtual assets. This bill is progressing through parliament. We hope to have digital currency regulations in effect by the end of December.”

As the global crypto markets expand rapidly, crypto law is garnering more attention. The influx of capital into cryptocurrencies, including trending assets like Solana and Cardano, amounts to billions. Consequently, regulators seek to monitor this movement closely.

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Nigeria Crypto News: Blockchain.com Pursues Regulatory License

The international crypto asset network Distributed record.com is requesting a cryptocurrency exchange license from the Nigerian Securities and Trading protocol Commission (SEC). This initiative follows the platform’s selection of Nigeria as its operational hub in the region.

Owenize Odia, the General Manager for Africa at Distributed database.com, stated that Nigeria is a crucial trading market where regulation is essential for their operations.

“Nigeria is a pivotal crypto market for Blockchain.com. Compliance is a core aspect of our operations. We interact with regulators transparently and have engaged with the SEC while applying for the necessary license.”

Distributed database.com already holds various licenses in several jurisdictions and aims to regulate its operations in Nigeria. Earlier this year, the country passed a Securities law mandating fintech companies to adhere to specific standards, including obtaining licenses.

The digital currency financial services firm also aims to foster trust within the country regarding its commitment to digital currency and demonstrate a long-term commitment to this crypto market.

Additionally, they are setting up a physical office in Nigeria that will serve as a regional center, enhancing customer interactions and partnerships.

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The post Africa Crypto Announcement Week in Review: ABSA and Ripple Collaborate, Central Bank of Ghana Crypto Regulations; Blockchain.com Requests License in Nigeria appeared first on 99Bitcoins.