{"id":130083,"date":"2025-05-27T10:15:30","date_gmt":"2025-05-27T10:15:30","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130083"},"modified":"2025-05-27T10:15:30","modified_gmt":"2025-05-27T10:15:30","slug":"blockchain-com-expands-in-africa-as-local-crypto-rules-take-shape","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130083","title":{"rendered":"Blockchain.com expands in Africa as local crypto rules take shape"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBlockchain.com is stepping up its presence in Africa, targeting markets where governments are beginning to implement crypto regulations.<br \/>\nThe UK-based exchange plans to open a physical office during the second quarter in Nigeria \u2014 its \u201cfastest-growing market\u201d in West Africa \u2014 along with broader expansion efforts in Ghana, Kenya and South Africa, according to a May 27 report by Bloomberg.<br \/>\n\u201cNigeria has taken meaningful steps toward creating a clear framework for crypto,\u201d Owenize Odia, Blockchain.com\u2019s general manager for Africa, reportedly said.<br \/>\nThe move comes as global sentiment shifts, including political tailwinds from the United States, where President Donald Trump\u2019s pro-crypto stance has encouraged industry expansion.<br \/>\nRelated: Hedera Africa Hackathon launches with $1M prize pool and Web3 focus<br \/>\nNigeria and Ghana lead in crypto regulation<br \/>\nWhile cryptocurrency trading remains restricted in many African countries, some, including Nigeria and Ghana, are taking steps toward creating legal frameworks for exchanges.<br \/>\nOdia said the company is prioritizing a license application in Nigeria, which recently enacted a new securities law covering digital assets.<br \/>\nGhana\u2019s central bank released draft guidelines indicating plans to begin regulating crypto platforms by September 2025, while Kenya is still in the research phase.<br \/>\nCrypto exchange blockchain.com. Source: Blockchain.comOdia added that such signals of regulatory intent are key to Blockchain.com\u2019s expansion decisions. The exchange sees the region\u2019s youthful population and currency instability as factors fueling crypto adoption.<br \/>\nCointelegraph reached out to Blockchain.com for comment but did not receive a response by publication.<br \/>\nBlockchain.com claims 37 million verified users, 92 million wallets and over $1 trillion in transaction volume, according to its website.<br \/>\nIn 2022, Blockchain.com\u00a0closed a funding round that saw its valuation spike from $5.2 billion to $14 billion less than two months before the\u00a0collapse of Do Kwon\u2019s Terra ecosystem.<br \/>\nHowever, a $110 million Series E financing round in 2023 more than halved its 2022 valuation<br \/>\nRelated: Ethiopia in the global Bitcoin mining spotlight: AMA with UMINERS<br \/>\nSouth Africa leads in crypto race<br \/>\nSouth Africa is emerging as a frontrunner in Africa\u2019s crypto race, with the country positioning itself as a regional hub for digital assets.<br \/>\nAccording to Ben Caselin, chief marketing officer at Johannesburg-based crypto exchange VALR, South Africa\u2019s strong legal infrastructure and business-friendly environment make it an ideal launchpad for crypto companies looking to expand across the continent.<br \/>\nIn a September 2024 interview with Cointelegraph, Caselin emphasized that regulatory clarity is a major factor drawing both local and international players to South Africa.<br \/>\nMomentum continues to build, with the Financial Sector Conduct Authority (FSCA) approving 59 crypto platform licenses by March 2024, as over 260 applications remain under review.<br \/>\nMagazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story<a href=\"https:\/\/cointelegraph.com\/news\/blockchaincom-expands-africa-nigeria-crypto-regulation?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBlockchain.com is stepping up its presence in Africa, targeting markets where governments are beginning to implement crypto regulations. The UK-based exchange plans to open a physical office during&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130083"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130083"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130083\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130083"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}