Binance Adapts to African Crypto Regulations: Ghana, South Africa, and Nigeria Lead the Way
As Africa continues to embrace digital assets, Ghana, South Africa, and Nigeria are taking significant steps to regulate the cryptocurrency market. Ghana’s central bank has set September 2025 as the deadline for comprehensive crypto regulations, positioning the country as a leader in structured adoption. Meanwhile, Binance, the world’s largest crypto exchange, is preparing stricter compliance measures for its South African users ahead of new rules taking effect in April 2025. These developments highlight the growing importance of regulatory frameworks in Africa’s crypto ecosystem.
Africa Crypto Regulatory Developments: Ghana, South Africa, and Nigeria Take Action
Ghana’s central bank has set September 2025 as the deadline to implement comprehensive cryptocurrency regulations, signaling a formal embrace of digital assets. The move positions Ghana as a frontrunner in Africa’s structured crypto adoption.
Binance, the world’s largest crypto exchange, is preparing stricter compliance measures for its South African users ahead of new rules taking effect in April 2025. The adjustments reflect growing institutional engagement with African markets.
Nigeria continues its crackdown on unlicensed crypto operations, with authorities targeting Afriq Arbitrage System and its CEO. The enforcement actions highlight the risks of operating outside emerging regulatory frameworks.
Pi Network Faces Setbacks as Banxa Pauses Transactions Amid Binance Listing Hopes
Pi Network’s native token continues to struggle, trading in a tight $0.60-$0.65 range after hitting record lows earlier this month. The stagnant price action reflects waning momentum despite earlier bullish sentiment.
Payment processor Banxa has temporarily halted Pi transactions, citing pending KYB compliance approvals. The platform had previously accumulated significant Pi holdings at depressed prices, suggesting potential renewed interest upon regulatory clearance and price recovery.
Binance remains the focal point for Pi’s potential breakout. Two months after decisively winning the exchange’s community vote, listing prospects gained fresh attention when Binance updated its token criteria in late April. market participants continue watching for concrete developments.
