Africa Crypto News Week: Sui Foundation Launches Hub In Nigeria, MoneyBadger Raises $400,000 As Kenya Considers Crypto “Travel Rule”

3

Africa crypto information: Kenya is contemplating the “Journey Rule” in VASP as Sui Basis launches a blockchain hub in Nigeria. MoneyBadger of South Africa raises $400,000.

The Sui Basis has launched a blockchain hub in Nigeria to spice up the nation’s developer ecosystem. In South Africa, the crypto startup Moneybadger has raised $400,000 in its pre-seed spherical to spice up Bitcoin funds. In the meantime, in Kenya, the federal government is searching for to implement the “Journey Rule” within the lately proposed VASP invoice.

These, and extra tales, make the continental headlines for the week:

Nigeria Crypto Information: Sui Basis Launches Blockchain Hub in Lagos

Sui Basis, which is behind SUI, is investing in a blockchain hub in Nigeria to develop the nation’s developer ecosystem.

This launch extends Sui Basis’s grassroots outreach effort within the African and Asian markets. 

Africa’s fastest-growing tech market simply acquired a serious improve.

SuiHub Lagos is reside

It’s greater than an area – it’s a launchpad for Africa’s subsequent era of builders.

Workshops, dev help, and actual entry to international blockchain infrastructure. pic.twitter.com/S5DLeTqkXd

— Sui (@SuiNetwork) July 15, 2025

Lagos joins different locations equivalent to Dubai and Athens, the place the Sui Basis has sponsored hackathons and associated initiatives.

Christian Thompson, the Managing Director of the Sui Basis, mentioned the inspiration will help builders who will, in flip, construct on Sui and launch impactful options.

“Lagos is house to one of the crucial energetic tech communities on this planet proper now. By creating an area to collaborate, be taught, and construct, Sui is giving proficient builders in Lagos the infrastructure and help to construct on Sui and create options that may have a major international influence.”

Nigeria has the most important inhabitants on the African continent and a quickly rising crypto market, with a few of whom are traders within the best meme coin ICOs.

This effort reveals Sui’s appreciation of this necessary market, and the platform hopes to reap the dividends in the end.

DISCOVER: Top 20 Crypto to Buy in 2025

South Africa Crypto Information: MoneyBadger Raises $400,000 To Drive Bitcoin Funds

South African crypto startup MoneyBadger has raised $400,000 to spice up its BTC ▼-0.17% funds companies throughout the area.

The platform, which is the brainchild of Carel van Wyk, Carl Kritzinger, Ben Blaine, and Brent Petersen, goals to reinforce its partnerships and increase operations. 

Carel van Wyk, the founder, mentioned funds will probably be used to speed up partnerships and additional serve their clients properly.

“This funding spherical, partly funded in bitcoin, helps us speed up these partnerships and increase our well-established service to extra shoppers, retailers, use-cases, and nations. We envision a future the place you should purchase something and all the things with Bitcoin.”

MoneyBadger will search extra service provider companions to enhance its Bitcoin funds attain.

MoneyBadger luggage US$400 okay to tame crypto funds friction

Cape City start-up MoneyBadger has closed a US$400 okay pre-seed spherical led by Nimble Capital. The fintech gives a stable-coin settlement API that slashes cross-border switch charges to ~0.7 %, versus SWIFT’s 4-5 %.…

— Victor de Ascenção (@victordascencao) July 17, 2025

South Africa boasts one of the crucial spectacular crypto cost adoption charges, and this platform goals to leverage this rising market to change into an trade chief. 

DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now

Kenya Crypto Information:  Laws To Introduce ‘Journey Rule’

The Authorities of Kenya is contemplating introducing the “Journey Rule”  Digital Property Suppliers (VASP) Invoice, which continues to take form.

This rule requires crypto service suppliers to gather and share data, together with transaction historical past and bodily addresses, with different service suppliers and monetary establishments with which they have interaction.

This requirement is an effort to adjust to worldwide necessities by the Monetary Motion Job Power (FATF) and associated international regulators.

Crypto laws will at all times be a fragile balancing act. It’s because the preliminary premise of crypto, even the best new cryptos to invest in, was to supply a substitute for mainstream finance.

That mentioned, crypto service suppliers function in a actuality the place they should create working relationships with native governments. As such, Kenyan operators may quickly face this reckoning. 

DISCOVER: Next 1000x Crypto – 12 Coins That Could 1000x in 2025

The publish Africa Crypto News Week: Sui Foundation Launches Hub In Nigeria, MoneyBadger Raises $400,000 As Kenya Considers Crypto “Travel Rule” appeared first on 99Bitcoins.

Source link