Africa Crypto News Week in Review: Regulatory Moves and Market Expansion

Nigerian exchange Roqqu has acquired Kenyan startup Flitaa, marking a strategic push into East Africa's burgeoning crypto market. The move capitalizes on Kenya's progressive regulatory environment, including pending legislation for VIRTUAL asset providers.

South African authorities are intensifying crackdowns on crypto-related fraud, signaling tighter oversight of the digital asset space. Meanwhile, Ghana's Central Bank prepares to issue long-awaited registration guidelines for Virtual Asset Service Providers (VASPs), potentially unlocking new growth opportunities.

Roqqu's acquisition positions the platform as a pan-African contender, with Flitaa's existing operations across Kenya, Tanzania, Uganda, and Ghana providing immediate market access. East Africa's English-speaking markets and developing regulatory frameworks present fertile ground for crypto adoption.