Nigeria processed $92.1 billion in on-chain transactions over the past year, more than any other African country, but a wave of formal licensing frameworks across the continent is eroding its hold on the region's crypto narrative.
Read full article →LAGOS, July 24, 2026.
The Alliance DAO-backed startup is moving beyond stablecoin payments to offer African retail investors and businesses blockchain-based access to more than 400 US-listed stocks and ETFs.
London-based remittance firm LemFi has partnered with enterprise stablecoin infrastructure provider BVNK to replace correspondent banking settlement with USDT-based clearing across its African payment corridors, with South Asian markets identified as a future phase, the companies announced July 21.
Cross-border payments between African countries still route through New York. A growing network of fintech platforms is using stablecoin rails to bypass that system entirely, and South Africa sits at the center of the emerging debate over how to govern what is already happening.
Armed militants in Nigeria's Lake Chad Basin are now soliciting cryptocurrency donations, running crypto tutorials on Telegram, and deploying weaponized quadcopter drones, with operators trained by Islamic State personnel flown in from the Middle East, according to a formal UN Security Council briefing delivered in July 2026.
President Bola Tinubu signed an executive order on July 17 establishing a multi-agency council to unify Nigeria's fragmented oversight of virtual assets, a move that directly affects more than 26 million crypto users in Africa's largest economy by GDP.