BitcoinKE

Canada has moved to ban cryptocurrency donations in election campaigns by introducing new legislation that mirrors similar steps recently taken in the UK.

If passed, the ban would broadly apply across the political system.

The proposed law, known as the ‘Strong and Free Elections Act’ (Bill C-25), would prohibit political parties, candidates, and third-party advertisers from accepting crypto donations citing concerns that such assets are difficult to trace and could be used to obscure the source of funds.

The bill follows years of warnings from Canada’s Chief Electoral Officer that crypto’s pseudonymous nature could undermine transparency in political financing. While crypto donations have technically been allowed since 2019, their actual use has been minimal with no reported contributions in recent federal elections.

How Crypto Got Included in Canada’s Emergency Act in 2022

Back in 2022, then Canadian Prime Minister, Justin Trudeau, expanded the 1988 Act to include cryptocurrencies where crowdfunding platforms and payment services linked to them must register with the Financial Transactions… pic.twitter.com/1GaOmlrKVi

— BitKE (@BitcoinKE) March 29, 2026

Previously, contributions above $200 had to be publicly identified with a name and address. Only cryptocurrencies with verifiable public blockchains were allowed, which meant privacy coins like Monero and ZCash were excluded. In addition, acceptable crypto donations still needed to be liquidated into fiat before they could be spent.

If passed,

campaigns would be required to return or dispose of any illegal crypto donations within 30 days.

Violations could attract penalties of up to twice the value of the donation.

Violations for corporation would attract an additional administrative penalty of $100,000.

Canada’s move comes shortly after the UK introduced a ban on crypto donations to political parties, part of broader efforts to limit foreign interference and improve transparency in election financing.

REGULATION | A UK Commissioned Report Recommends Halting Political Crypto Donations Due to Foreign Interference Risks

 

 

 

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Kalshi, a leading prediction markets platform, has secured regulatory approval to offer margin trading, a move that could help the firm attract hedge funds and other professional investors as prediction markets push further into mainstream finance.

The approval follows the registration of its affiliate, Kinetic Markets LLC, as a futures commission merchant with the National Futures Association, allowing users to open positions without posting the full value of a contract.

Margin trading is expected to improve capital efficiency and make the platform more appealing to institutional traders, a segment that has largely stayed on the sidelines due to the lack of leverage tools.

INSTITUTIONAL | World’s Largest Asset Manager Launches its First Crypto Staking ETF

Kalshi, which operates a federally regulated marketplace for event-based derivatives, has been seeking to expand its product suite and deepen liquidity as competition grows and Wall Street interest in prediction markets rises.

The focus on institutional investors is deliberately strategic. Institutional participants such as hedge funds and trading firms typically require:

robust legal frameworks

clear custody solutions

advanced trading mechanisms like margin

Kalshi aims to attract this institutional liquidty and more sophisticated trading strategies, such as margin trading, with increased institutional participation, by offering these services.

REGULATION | Gambling Rules Apply to Prediction Markets, Warns Major League Baseball of America

Under an ‘integrity protection’ memorandum of understanding, #MLB and the #CFTC will share information and coordinate #oversight to prevent market #manipulation and protect game… pic.twitter.com/MYOLpkrBcn

— BitKE (@BitcoinKE) March 20, 2026

The broader impact of institutional focus could be substantial as it could bridge the gap betwen speculative event trading and traditional finance derivatives thus encouraging other platforms to seek similar regulatory clarity. Historical futures markets data shows a correlation between the introduction of regulated margin trading and increased trading volumes.

Prediction markets have historically operated in a regulatory grey area.

Kalshi had already set a regulatory precedent by being a designated contract market for event contracts. However, this latest regulatory approval of this model is a novel development as other crypto-native entities have pursued similar paths but for different asset classes like Bitcoin and Ether futures.

The margin product is expected to launch first for institutional users though a timeline has not been publicly disclosed.

REGULATION | Insider Trading Risks Escalate on Prediction Markets as Enforcement Intensifies

 

 

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Bitcoin miners are increasingly pivoting toward artificial intelligence (AI) and high-performance computing selling off their bitcoin holdings to fund the transition as mining economics deteriorate.

According to a recent report, listed mining firms could generate up to 70% of their revenue from AI by 2026, up from roughly 30% today.

The shift is being driven by falling mining profitability. Rising production costs, estimated at around $80,000 per bitcoin, now exceed market prices forcing miners to seek more stable and higher-margin revenue streams.

This is not sustainable. In fact, a sustained low price is expected to trigger larger capitulations that in turn lowers mining difficulty thereby benefiting survivors.

To finance the transition, mining companies are selling significant portions of their bitcoin reserves and taking on debt. Public miners have collectively reduced their holdings by more than 15,000 BTC, with firms like Core Scientific and Riot Platforms offloading large amounts to fund AI infrastructure and data center expansion.

BITCOIN | Bitcoin is Bleeding Mining Power to Artificial Intelligence as Crypto Revenue Shrinks

The move comes as AI and high-performance computing contracts across the sector surpass $70 billion, offering more predictable income compared to the volatile returns of crypto mining. Some miners are now effectively operating as data center providers with bitcoin mining becoming a secondary business line.

However, the transition raises concerns for the bitcoin network. A sustained shift away from mining could impact network security and reduce hashrate which has already declined from late-2025 levels alongside multiple downward difficulty adjustments.

The #hashrate data already reflects this.

The network peaked at approximately 1,160 exahashes per second in early October 2025 and has since declined to roughly 920 EH/s, with three consecutive negative difficulty adjustments, the first such streak since July 2022.

— BitKE (@BitcoinKE) March 28, 2026

Still, markets are rewarding the pivot. Mining firms with AI exposure are increasingly viewed as more attractive investments as the industry evolves from pure-play crypto mining toward broader digital infrastructure and compute services.

It is very likely that the current mining sector will look very different from the past decade as the transition accelerates, largely disrupted by AI.

BITCOIN | Bitcoin Experiences One of the Sharpest Mining Difficulty Declines in 2026

 

 

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Morgan Stanley is preparing to launch a spot Bitcoin exchange-traded fund priced at just 0.14%, undercutting existing low-cost rivals and potentially triggering a new fee war in the sector, according to a recent regulatory filing.

The proposed fee, equivalent to 14 basis points, would be lower than current market leaders such as

Grayscale’s Bitcoin Mini Trust at 0.15% and

BlackRock’s iShares Bitcoin Trust at 0.25%,

making it the cheapest spot Bitcoin ETF if approved.

The filing, submitted to the U.S. Securities and Exchange Commission, signals Morgan Stanley’s shift from distributing crypto products to issuing its own, leveraging its vast wealth management network to capture market share.

Morgan Stanley oversees trillions in client asets with one of the largest adviser networks in the wealth management industry. A small allocation from its wealth management arm is thus quite significant and entering the market at the lowest fee positions Morgan Stanley for quick uptake and growing the market share.

BITCOIN | Institutions Now Hold ~12% of the Total Bitcoin Supply – a 5% Increase in Just One Year

Because spot Bitcoin ETFs offer near-identical exposure to the asset, cost remains one of the few differentiators. Analysts say even a small fee advantage can drive capital flows, as investors and advisors can switch between funds with minimal friction.

Cost and access often supersedes structure in determining which funds gain market share.

Lower-cost products have tended to attract inflows before while higher-fee funds have seen assets departure with the GrayScale Bitcoin Trust (GBTC) being a classic example. The ETF now holds ~$10 billion in assets compared to ~$29 billion at launch in January 2024.

Bitcoin becoming mainstream:https://t.co/cshTV8jpvG

— Market Cap Trainers (@NSE_Investors) January 11, 2024

If approved, the move could intensify competition among issuers and accelerate a broader trend of declining fees across the rapidly growing Bitcoin ETF market.

INSTITUTIONAL | World’s Largest Asset Manager Launches its First Crypto Staking ETF

 

 

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Ripple CEO, Brad Garlinghouse, said stablecoins may represent a breakthrough moment for the cryptocurrency industry, comparing their potential impact on business adoption to that of ChatGPT in artificial intelligence.

 

Speaking to FOX Business, Garlinghouse said executives across major corporations are increasingly asking finance teams how to integrate stablecoins into operations, signaling rising institutional interest.

“You have boards of directors and CEOs of companies, whether it’s Fortune 500 or Fortune 2000, they’re asking their treasurers, they’re asking their CFOs, ‘what are we doing with stablecoins.’

“Giving the treasurer and the CFO that option is the unlock.”

He noted that stablecoins processed over $33 trillion in trading volume last year [2025], dominated by USDT and USDC, and could become a core global payments rail.

Garlinghouse also highlighted that the CLARITY Act regulations currently undertaking debate, would also be an ‘unlock’ for the world.

Garlinghouse believes building bridges between the traditional and decentralized finance and Ripple is seeing clients leaning into this much more especially in 2026.

 

“We’re seeing a shift from the JP Morgans. We’re seeing more people being more exploratory – ‘how could we use stablecoins?’

The other unlock around stablecoins is you can now use them 24/7. They don’t close at 3 o’clock on a Friday afternoon and you can’t settle a real estate transaction on Saturday.

It’s a big shift.”

 

Ripple has also entered the market with its RLUSD stablecoin as it seeks to expand its enterprise payments business.

REGULATION | Dubai Regulator Greenlights Ripple’s $RLUSD Stablecoin Within the Economic Zone Serving Middle East, Africa, and South Asia

 

 

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The Federal Court of  Australia has fined Binance’s local derivatives arm 10 million Australian dollars ($6.9 million) after the company admitted to widespread client onboarding failures that exposed retail investors to high-risk crypto products without proper protections.

The Federal Court found that Australian Securities and Investments Commission (ASIC) identified that more than 85% of Binance Australia’s client base had been misclassified.

Out of the 524 users,

460 retail investors incorrectly classified as meeting the Sophisticated Investor Test

33 were incorrently classfied as meeting the Individual Wealth Test

26 did not provide sufficient evidence that they met and were incorrectly classified as meeting with the Large Business Test

between July 2022 and April 2023.

EXPERT OPINION | Crypto Regulation Focus Should Be on the Economic Function, Not the Delivery Technology – Australian Regulator

As a result, those clients were able to access complex cryptocurrency derivatives without the consumer safeguards required under Australian law, later incurring millions in trading losses and fees.

Binance admitted to multiple compliance failures in a statement of agreed facts, including

inadequate onboarding procedures,

poor staff training, and

weak internal oversight.

The company also allowed users to repeatedly attempt a multiple-choice test until they qualified as “sophisticated investors,” and in some cases relied on self-certification without proper verification.

Regulators said the exchange failed to meet key obligations such as

providing product disclosure statements,

complying with Australia Financial Services license conditions,

Inadequtely training employees,

making target market determinations, and

maintaining a compliant dispute resolution system.

The penalty comes in addition to roughly 13.1 million Australian dollars ($9 million) already paid in compensation to affected users in 2023.

The Binance Australia Derivatives license was later cancelled by the securities regulator in early 2023 after a targeted review of Binance’s operations in the country.

ASIC described the case as a warning to global financial services firms operating in Australia emphasizing that proper client classification and onboarding processes are critical when offering high-risk financial products.

CRYPTO CRIME | Report Alleges Binance Allowed ‘Suspicious’ Accounts to Move Billions in Niger and Other Countries Despite U.S. Plea Deal

 

 

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Tether has engaged KPMG to conduct its first full independent financial audit, marking a major step toward greater transparency for the world’s largest stablecoin issuer, according to multiple reports.

The long-awaited audit will cover the company’s balance sheet, including

reserves backing its USDT token

internal controls,

governance and

compliance systems,

moving beyond the periodic attestations Tether has relied on for years.

PwC has also been brought in to help prepare Tether’s internal systems and reporting processes ahead of the review, sources said.

INSTITUTIONAL | The Largest Stablecoin Company Secures a ‘Big Four’ Audit Firm for the First Full Audit

The move represents a shift for Tether which has faced longstanding scrutiny over whether its dollar-pegged tokens are fully backed by reserves. Unlike attestations, which provide snapshot confirmations, a full audit examines financial statements and internal processes under established auditing standards.

Tether, which issues the USDT stablecoin used widely in crypto trading and payments, has delayed a comprehensive audit for nearly a decade despite repeated promises.

The audit is expected to scrutinize assets including

U.S. Treasuries,

cash equivalents and

digital holdings,

as well as liabilities tied to tokens in circulation in what the company has described as a landmark review.

The engagement comes as Tether seeks to expand its presence in the United States and improve institutional trust amid tightening regulatory scrutiny of stablecoins.

KPMG declined to comment while Tether has not publicly confirmed details of the auditor’s mandate.

2026 OUTLOOK | The ‘Big Four’ Accounting Firms Looking to Ramp Up Crypto Services in 2026

 

 

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As South Africa looks to deepen financial inclusion, it doesn’t need to start from scratch. Across the Global South, countries like Brazil (with PIX)  and India (with UPI)  have already built powerful models for expanding access to financial services offering practical lessons in how policy, infrastructure, and innovation can work together to reach underserved populations.

South Africa (with PayShap), despite having one of the continent’s most advanced financial systems, still faces a paradox: high banking penetration on paper, but persistent exclusion in practice. Millions remain underserved due to uneven access to credit, connectivity, and affordable financial tools.

The question, then, is not whether inclusion is possible but how to build systems that truly scale.

 

Infrastructure First: India’s Digital Stack Model

India’s fintech transformation didn’t begin with apps – it began with infrastructure.

At the core is a government-backed digital public infrastructure (DPI) stack, anchored by systems like

Aadhaar (digital identity),

UPI (real-time payments), and

data-sharing frameworks.

Together, these layers reduced onboarding friction, lowered costs, and made financial services accessible to over a billion people.

The key insight: innovation thrives when the rails are already in place.

Rather than competing in silos, fintechs in India build on shared infrastructure – allowing startups to focus on products while the state ensures interoperability, identity verification, and trust. This dramatically accelerates inclusion and adoption.

For South Africa, where fragmented systems and high transaction costs still limit access, the lesson is clear: build interoperable public rails first, then let innovation flourish on top.

Brazil’s Playbook: Regulation as an Enabler

If India shows the power of infrastructure, Brazil demonstrates the importance of regulation done right.

Brazil’s central bank has taken a proactive role in shaping fintech innovation by rolling out instant payments (PIX), open banking frameworks, and clear licensing regimes. The result is a system where competition is encouraged, barriers are lowered, and consumers benefit from cheaper, faster services.

Crucially, regulation in Brazil is not reactive, it is coordinated, iterative, and designed to include new players from the outset.

This stands in contrast to many African markets where regulatory uncertainty can slow innovation or lock fintechs into legacy banking structures.

For South Africa, the takeaway is not deregulation, but smarter regulation – frameworks that balance risk with innovation while enabling non-bank players to participate meaningfully.

The Missing Middle: South Africa’s Opportunity

South Africa already has strong financial institutions, high mobile penetration, and a growing fintech ecosystem. But inclusion gaps persist because the system wasn’t originally designed for the digitally excluded.

Fintechs are beginning to fill that gap by building new payment rails, embedded finance solutions, and data-driven lending products tailored to underserved users.

Still, progress will depend on how well the broader ecosystem comes together.

Across Africa, the next phase of fintech growth will be driven less by individual startups and more by ecosystem collaboration – bringing together regulators, capital providers, telecoms, and technology platforms to create scalable, inclusive systems.

South Africa Reserve Bank Partners with Local Banks to Launch PayShap, a Low-Payments Mobile System

Three Lessons for South Africa

1.) Build shared infrastructure, not isolated solutions India’s success shows that digital identity, payments, and data frameworks should be public goods that everyone can build on.

2.) Treat regulation as a growth tool Brazil proves that clear, forward-looking regulation can unlock innovation rather than restrict it.

3.) Design for the underserved from day one Inclusion isn’t a byproduct—it must be intentional, with products tailored to real-world constraints like low connectivity, informal income, and limited credit history.

 

Financial inclusion is not just about access to banking – it’s about participation in the digital economy.

Fintech, when done right, becomes infrastructure: powering commerce, enabling entrepreneurship, and expanding opportunity at scale. Across Africa, it already serves as a bridge for millions who were previously excluded from formal financial systems.

South Africa has the building blocks. What Brazil and India offer is a blueprint – one that shows how coordination, infrastructure, and policy can turn potential into impact.

FINTECH AFRICA | How Digital Payment Systems Like PayShap Are Driving the Cashless Economy in South Africa

 

 

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Kenya is moving to tighten oversight of its fast-growing crypto sector with new draft rules proposing steep entry requirements for stablecoin issuers and other virtual asset firms.

Under proposals released by the National Treasury, companies looking to issue stablecoins would be required to:

Hold a minimum paid-up capital of KES 500 million (about $3.85 million), one of the highest thresholds in the framework.

Hold capital equivalent to 100% of current liabilities for 30 days minimum.

Not issue or grant interest related to stablecoins.

For tokenized asset offerings, issuers will need:

Capital requirements of ~$1.5 million in paid-up capital

Liquid capital of ~$310,000

The draft regulations aim to formalise the country’s digital asset market, strengthen consumer protection, and address concerns raised by the Financial Action Task Force (FATF), which has pushed for stricter oversight of crypto activity in high-usage markets like Kenya.

Beyond capital requirements, stablecoin issuers would need to fully back their tokens with high-quality liquid assets such as cash or bank deposits. These reserves must be segregated from company funds, held with approved custodians, and readily available for redemption at all times.

The rules also introduce disclosure obligations similar to capital markets prospectuses. Issuers would be required to publish detailed white papers outlining their operations, governance, risk factors, and how user funds are managed, with company directors held accountable for the accuracy of this information.

Regulatory oversight will depend on how the assets are used: stablecoins functioning as payment instruments would fall under the Central Bank of Kenya, while tokenised real-world assets classified as investments would be supervised by the Capital Markets Authority.

REGULATION | USDC Stablecoin Issuer, Circle, Already in Talks with Kenyan Government to Launch its Payments Network

While the framework could boost trust and institutional participation, it may also raise barriers to entry. Smaller startups could struggle to meet capital, compliance, and liquidity requirements, potentially leaving the market dominated by banks and well-capitalised global players.

Industry stakeholders have until April 2026 to submit feedback, with some already advocating for a tiered approach that would ease requirements for smaller projects while maintaining stricter standards for large-scale issuers.

REGULATION | ~50 Virtual Asset Firms Looking to Set up Regional HQs in Kenya, Says Nairobi International Finance Center (NIFC)

 

 

 

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The United Kingdom (UK) has imposed sweeping sanctions on Xinbi, a major crypto-linked black market, as part of a broader crackdown on global scam networks tied to Southeast Asia.

Announced by the Foreign, Commonwealth & Development Office, the measures target Xinbi – described as a Chinese-language online marketplace facilitating fraud – as well as individuals and entities connected to large-scale scam operations. Authorities say the platform has enabled the sale of stolen personal data, money laundering services, and communications tools used by criminal networks.

Blockchain analytics estimates suggest Xinbi processed nearly $20 billion in transactions between 2021 and 2025, much of it linked to illicit activity.

Under the sanctions, any UK-based assets tied to Xinbi will be frozen and the platform is cut off from the country’s financial system. UK businesses, including banks and crypto firms, are prohibited from providing services, funding, or infrastructure to the network.

 

The government press release reads:

The UK’s sanctions will isolate the platform from the legitimate crypto ecosystem, significantly disrupting its operations by affecting its ability to send and receive cryptocurrency transactions. 

BYEX, another cryptocurrency platform that had been used to launder the proceeds of scams, shut down following the UK’s sanctions last year. 

The crackdown also extends to operators of scam compounds in Cambodia, including those linked to “#8 Park,” a large facility allegedly used to run industrial-scale fraud schemes. These operations have been associated with human trafficking with victims forced to conduct online scams such as fake investment pitches and romance fraud.

Following the UK actions, Cambodia’s government has launched its largest ever crackdown on the scam economy, with local authorities estimating that 2,500 sites have been raided, leading to the closure of hundreds of scam centres and the release of tens of thousands of foreign nationals.

Officials say the goal is to isolate key infrastructure supporting global crypto-enabled scams disrupting both the financial flows and tools that sustain them. Xinbi’s role as a hub for illicit services – including data trading and crypto laundering – has made it a central target in efforts to dismantle what authorities describe as a rapidly growing transnational fraud economy.

The move marks one of the UK’s most significant actions against crypto-enabled crime to date and builds on earlier coordinated efforts with international partners to shut down scam networks and seize illicit assets.

REGULATION | U.S. Court Dismisses Lawsuit Seeking Regulatory Protections for Non-Custodial Software Solutions

 

 

 

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Adapted from an original post written by the Founder of WellsForAll

 

Blockchain-based philanthropy has expanded rapidly over the past decade, promising to bring transparency, efficiency and accountability to aid distribution.

Crypto donations in 2024 exceeded $1 billion, according to recent statistics demonstrating momentum, especially for philanthropic projects across Africa.

But in Africa, many of these initiatives have struggled to deliver meaningful, long-term impact.

 

According to Samuel Owusu-Boadi, Founder of WellsForAll:

Across the African continent, many crypto philanthropy initiatives are designed as moments – token launches, non-fungible token drops and campaigns designed to generate attention, capital and optimism in short bursts.

These hype cycles rarely account for what happens after the launch window closes.

No long-term systems are built to facilitate continued investment and oversight.

 

At the core of the problem is a mismatch between technological ambition and on-the-ground realities. Too often, blockchain philanthropy projects prioritize visibility and innovation over sustainability. They create short-lived interventions rather than durable systems that communities can rely on.

[WATCH] ‘Save the Children’ Charity in Rwanda Partners with Cardano to Accept Crypto Donations @SCIRwanda #Cardano @CardanoStiftung https://t.co/1xyJ7jdl0N via @Bitcoin KE

— Daphnee Cook (@DaphneeCook) July 15, 2021

Owusu says:

There is no shortage of donation campaigns for philanthropic projects in Africa. What is lacking is long-lasting infrastructure. When philanthropy is structured around visibility rather than durability, the result is predictable: short-term relief followed by quiet failure.

 

While blockchain can improve transparency in tracking donations, transparency alone does not solve deeper structural issues. Without local ownership, maintenance funding and clear governance frameworks, these projects risk reinforcing dependency rather than empowering communities. As one critique puts it, crypto philanthropy frequently builds “moments, not enduring systems.”

 

“Blockchain systems can record intent, but they cannot verify tangible outcomes in the projects that crypto philanthropy seeks to enable.

Academic research has highlighted that while blockchain may improve traceability, it does not automatically guarantee accountability or effect without additional systems that sit beside or within it to link the two,” says Owusu.

 

Many initiatives are designed externally and deployed into African contexts with limited input from local stakeholders. This results in solutions that may function technically but fail socially, lacking alignment with local needs, institutions and incentives. In such cases, blockchain becomes more of a fundraising narrative than a tool for development.

For blockchain to have real impact in African philanthropy, it must be treated as infrastructure, not marketing. That means committing to long-term planning, investing in local capacity, and ensuring systems can be maintained beyond initial funding cycles. It also requires accountability mechanisms that extend beyond the blockchain itself.

FUNDING | Human Rights Foundation Grants 1 Billion Satoshis (10 $BTC) to Support 23 Global #Bitcoin Projects – 4 Are African Projects

Spanning Latin America, Africa, and Asia, the latest cohort of recipients includes initiatives that build tools, foster education, and expand… pic.twitter.com/N89T2eP2i9

— BitKE (@BitcoinKE) April 4, 2025

Owusu describes how ignoring the local ownership aspect guarantees the inevitable failure of these initiatives:

This gap between digital transparency and physical reality becomes more frustrating when projects are designed without the input from the communities they aim to serve. Many crypto philanthropy initiatives are conceived and executed by teams that have never visited the regions affected by their decisions.

Without local leadership overseeing these projects, responsibility evaporates once funding slows. Infrastructure that lacks community ownership will deteriorate quickly. Without clearly defined custodianship and locally managed maintenance resources, even well-funded projects deteriorate once initial enthusiasm fades.

At times, crypto-backed charitable initiatives in Africa treat local ownership as a cultural nicety, or an afterthought, rather than the heart and soul of the project. Communities must co-manage and protect assets if those assets are expected to survive. Projects that treat beneficiaries as end users rather than stewards inevitably collapse.

 

Without these shifts, the gap between promise and reality will persist.

 

INTRODUCING | Stellar and PwC Launch a Financial Inclusion Framework to Assess and Judge Blockchain Projects in Emerging Markets

The framework was developed by analyzing 12 blockchain applications operating in:

* Colombia * Argentina * Kenya * The Philipines … pic.twitter.com/7AuKcjk4Wb

— BitKE (@BitcoinKE) October 11, 2023

Highlighting this temporary relief that creates dependency at the expense of dignity, Owusu says:

Considering these observations, it becomes quite clear that most charity tokens and crypto fundraising models are designed to deliver temporary relief. They perform well at mobilizing attention and capital quickly but struggle to support systems that operate year after year.

Shifting the aim toward structural infrastructure enables philanthropic projects to function as a type of economic infrastructure, where longevity and sustainability are properly accounted for, and not merely as a charitable intervention. When clean water systems, schools or clinics remain operational over long periods, they reduce dependency rather than reinforce it.

Dignity emerges not from receiving aid, but from creating systems from that aid that truly stand the test of time and endure.

Without long-term operational thinking, projects inadvertently recreate the very dependency dynamics they claim to disrupt.

Bitcoin Comes to Africa’s Largest Urban Slum – But Can It Deliver Real Financial Inclusion?

Owusu also higlights the long-term harm that these initiatives cause to the crypto industry.

The consequences of these failures extend beyond individual projects. Whenever an initiative collapses, or public trust in a crypto-backed charity project erodes, not only is the power of philanthropy questioned, but so is belief in blockchain itself. With these failures, skepticism toward future crypto-powered initiatives only gets louder.

Africa experiences this damage the most. Failed experiments leave behind broken infrastructure and weakened confidence, making it harder for responsible models to gain support and traction. Philanthropy should never be treated as an experimental case study or showcase for blockchain technology. When human well-being is at stake, failure is not as abstract as we like to think.

For the crypto industry, this represents a credibility challenge. If blockchain is to play a meaningful role in global development, it must demonstrate discipline, restraint and accountability — not novelty for its own sake.

 

Blockchain will continue to attract attention and capital, but fall short of delivering meaningful change for the communities it claims to serve. As critics argue, until the focus moves from hype to systems-building, from a marketing fundraising function to a governance infrastructure focus, crypto philanthropy will keep failing the real-world test in Africa.

EXPERT OPINION | ‘Bitcoin Adoption and Education Initiatives in Africa Look Impressive But Few Lead to Actual Adoption’

 

 

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TRM Labs, a leading blockchain intelligence platform, has announced a partnership with Zepz – the group behind leading digital remittance brands, WorldRemit and SendWave – to support the global expansion of its stablecoin-based Sendwave Wallet for migrant communities and their families.

The integration of TRM’s blockchain intelligence will help Zepz manage financial crime risk and scale its stablecoin offering as it expands into new markets.

Advancing financial access through stablecoins.

Zepz serves millions of people sending funds to recipients across 130+ countries with over $17 billion transferred for customers in 2025. The majority of those customers are migrant workers who send money home each month to support their loved ones, helping them to pay bills, school fees and medical care, often in regions facing currency volatility or limited banking infrastructure.

In October 2025, Zepz launched the Sendwave Wallet to help support the needs of its customers. Built on Solana, the wallet empowers customers to seamlessly send and store USDC across more than 100 countries, leveraging stablecoin technology to provide a stable value while offering near-instant, reliable, and affordable transfers within the Sendwave ecosystem. Rather than immediately converting funds into local currency, customers can hold value in USDC and determine when and how to cash out.

As digital asset-based remittances grow, effective risk management and compliance frameworks are essential to maintaining trust and meeting global regulatory expectations.

PRESS RELEASE | Zepz Launches The Sendwave Wallet, a Stablecoin-Backed Cross-Border Money Solution

Embedding Blockchain Intelligence into Stablecoin Infrastructure

Since April 2025, TRM Labs has worked with Zepz to design and implement the financial crime controls underpinning its stablecoin products.

TRM provides blockchain intelligence to help organizations identify illicit activity, manage sanctions risk, and support anti-money laundering (AML) compliance. By embedding these capabilities into its wallet infrastructure, Zepz is combining cutting edge innovation in digital payments in tandem with strong safeguards and operational resilience.

“As Zepz builds the next generation of digital remittances, it is prioritizing both access and accountability,” said Will Bell, Business Lead at TRM Labs.

“Our blockchain intelligence platform enables organizations to monitor activity in real time, manage risk exposure, and scale digital asset products in a way that aligns with regulatory expectations.”

“Our customers trust us with something deeply personal, supporting family and friends across borders,” said Zaheer Jassat, VP of Product at Zepz.

“As we expand the Sendwave Wallet and our stablecoin capabilities, that trust becomes even more important. Partnering with TRM strengthens our ability to manage risk responsibly and maintain robust safeguards across our infrastructure, so customers can send, store, and spend their money with confidence.” 

2025 RECAP | Illicit Stablecoin Activity Surged to 5-Year High in 2025 with Over 80% Used for Sanctions Evasion

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About Zepz

Zepz is the global payments group powering leading international remittance brands, WorldRemit and Sendwave to build the next generation of cross-border payments. Serving more than 9 million customers and transferring $17 billion for customers in 2025, Zepz is transforming how money moves – making it faster, safer, more convenient, and more affordable. Its innovative, customer-centric solutions, incorporating technologies like stablecoins, are designed to break down financial barriers and expand access to better financial tools.

New products like the Sendwave Wallet go beyond traditional remittances, enabling customers in over 100 countries to store, send, spend, and save money in digital dollars, supporting Zepz’s mission to drive financial empowerment and prosperity for people in the global south.

LIST | Here Are the 28 Leading African Fintechs Partnering with @circle in New Stablecoin Network

Stablecoins have emerged as the most popular applications of cryptocurrencies, particularly being instrumental in cross-border transactions in Africahttps://t.co/wQSWMTIq5Y $USDC pic.twitter.com/K3be1lMu7d

— BitKE (@BitcoinKE) April 25, 2025

 

 

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A U.S. federal court in Texas has dismissed a lawsuit brought by a crypto developer seeking legal protection for his software dealing a setback to efforts aimed at shielding non-custodial tools from regulatory scrutiny.

The case, filed by developer, Michael Lewellen, sought a declaratory judgment that his blockchain-based software called Pharos would not be subject to prosecution under U.S. money transmission laws.

 

 

The court documents state:

Lewellen has refrained from launching his business out of fear of prosecution under 18 U.S.C. § 1960.

This statute criminalizes the failure “to comply with the money transmitting business registration requirements under 5330 of title 31, United States Code, or regulations prescribed under such section” for “whoever knowingly conducts, controls, manages, supervises, directs, or owns all or part of an unlicensed money transmitting business[.]” 18 U.S.C. § 1960.

He is concerned that he will face prosecution for his business that uses his non-custodial code because there are “several ongoing cases with operating unlicensed ‘money transmitting’ businesses under 18 U.S.C. §[]1960(b)(1)(B)” involving similar non-custodial software.

He filed this action, seeking a declaratory judgment that his actions are legal and an “injunction preventing the enforcement of the federal money transmitting laws against Lewellen’s planned cryptocurrency business.”

 

However, the court rejected the claim ruling that Lewellen failed to demonstrate a credible or imminent threat of enforcement against him.

The judge’s decision centered on legal standing finding that the developer’s concerns were largely hypothetical rather than based on any active or pending government action. Without a clear risk of prosecution, the court concluded there was no basis to grant preemptive legal protection.

REGULATION | The Phantom Crypto Wallet Receives First-of-its-Kind No Action Relief from CFTC

The court ruling reads:

Lewellen fails to show there is substantial threat of prosecution. 

Lewellen argues he has a credible fear of prosecution because of ongoing Department of Justice (“DOJ”) cases against defendants “operating unlicensed ‘money transmitting’ businesses under 18 U.S.C with similar non-custodial cryptocurrency technology.

That contention is unpersuasive.

The “core conduct” of those cases is money laundering. By contrast, the core conduct here would be running a business. And Lewellen disclaims any knowing transmission of criminal funds, which is central to the prosecutions he invokes.

Consistent with this distinction, the DOJ has issued a memorandum entitled “Ending Regulation By Prosecution,” formally declaring DOJ will not pursue enforcement actions against “virtual currency exchanges, mixing and tumbling services, and offline wallets for the acts of their end users or unwitting violations of regulations” – the exact scenario over which Lewellen brought this suit.

Accordingly, the ongoing cases are not “substantially similar” to Lewellen’s intended conduct.

While both involve non-custodial cryptocurrency technology, similarity of the tools does not establish similarity of conduct. The critical inquiry is the underlying nature of the conduct, not the mechanism by which the conduct is carried out.

Lewellen admits that his cryptocurrency software code is merely a tool. The fact that “DOJ has taken the position that 18 U.S.C. § 1960 does not require the business to have control of transferred cryptocurrency as a prerequisite to registering as a money transmitter”14 while targeting money laundering does not establish a credible threat of prosecution against a business simply because it uses a non-custodial cryptocurrency software.

Without more, Lewellen has only “a general fear of prosecution [which] ‘cannot substitute for the presence of an imminent, non-speculative irreparable injury.’” Id. (citing Google, Inc. v. Hood, 822 F.3d 212, 228 (5th Cir. 2016).

Disappointed to see the court dismiss my suit today. A non-binding DoJ memo is no substitute for real legal certainty.

My lawyers are exploring all options for a path forward. Huge thanks to the @coincenter team for their incredible support and expertise through this.

We need… https://t.co/uXJqGww7IO

— Michael Lewellen (@LewellenMichael) March 25, 2026

The ruling underscores a broader challenge facing crypto developers in the United States: courts have repeatedly required concrete evidence of regulatory harm before intervening, particularly in cases involving emerging technologies and unclear enforcement boundaries.

Lewellen had argued that uncertainty around how authorities might treat his software – designed for crypto-based donations to charitable crowdfunding campaigns – created legal risk for developers building non-custodial tools. But the court’s dismissal suggests that, absent direct enforcement action, such claims may struggle to gain traction.

The decision comes amid ongoing debates over how U.S. laws should apply to decentralized software, with regulators increasingly focusing on the role developers play in enabling financial transactions on blockchain networks.

REGULATION | A UK Commissioned Report Recommends Halting Political Crypto Donations Due to Foreign Interference Risks

 

 

 

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Revolut reported a 57% jump in annual profit as the crypto-friendly financial technology firm benefited from strong growth across its payments, trading and subscription businesses.

Pre-tax profit rose to $2.3 billion in 2025 while revenue climbed 46% to $6 billion, marking the company’s fifth consecutive year of profitability, according to its annual report.

The London-based firm said growth was driven by a broader mix of income streams, including

card payments,

foreign exchange,

wealth products and

premium subscriptions,

with multiple business lines each generating significant revenue contributions.

The firm said 11 business lines generated over $135 million each with licensed banking operations in over 30 markets with the goal of reaching 100 million customers by 2027.

The firm allows users to buy and sell crypto on its platform and its dedicated exchange, Revolut X.

Customer activity also surged during the year, with total balances rising 66% to $67.5 billion and transaction volumes reaching $1.7 trillion. Revolut added around 16 million users, bringing its total customer base to 68.3 million, while business accounts increased to more than 760,000.

The results underscore Revolut’s continued expansion as it scales its global footprint and deepens its product offering beyond crypto trading into a broader suite of financial services.

2025 RECAP | Bridge by Stripe Sees Stablecoin Volume Soar 4x in 2025

 

 

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Binance, the leading exchange globally, has moved to settle its ongoing tax evasion case with Nigeria’s Federal Government out of court signalling a possible pause in one of the country’s most high-profile crypto legal battles.

The company’s lawyer told the Federal High Court in Abuja that both parties are now exploring an amicable resolution, a position confirmed by government counsel representing the tax authority.

 

The prosecution lawyer, Moses Ideho, a Deputy Director in the Legal Department of the Nigeria Revenue Service (formerly the Federal Inland Revenue Service – FIRS), said Binance had approached the federal service to explore an out-of-court settlement.

“My lord, parties are actually exploring settlement. That is essentially where we are.”

 

The case, which was due to continue trial proceedings, has been adjourned until May 2026 to allow time for settlement discussions.

Binance is facing a four-count charge related to alleged tax evasion, stemming from claims it failed to meet tax obligations while operating in Nigeria. The company has previously pleaded not guilty to the charges.

The legal dispute is part of a broader crackdown by Nigerian authorities on the crypto exchange, which also includes separate allegations of money laundering and a civil suit seeking billions of dollars in damages tied to its operations in the country.

REGULATION | Nigeria Sues Binance for $81.5 Billion in Economic Losses and Unpaid Taxes

 

 

 

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UK lawmakers are pushing to temporarily halt cryptocurrency donations to political parties citing growing concerns that digital assets could open the door to foreign interference in elections.

An independent review led by former civil servant, Philip Rycroft, recommended a moratorium on crypto-based political donations arguing that current rules are not robust enough to track the true source of funds.

The review highlighted several risks tied to crypto donations, including

the difficulty of identifying ‘ultimate ownership,’

the ability to split large contributions into smaller,

less scrutinized amounts, and

gaps in disclosure thresholds.

Separately, the UK Parliament’s Joint Committee on the National Security Strategy called for an immediate pause on such donations until clearer regulatory guidance is in place. Lawmakers warned that crypto contributions pose an ‘unacceptably high risk’ to political finance by enabling anonymous or opaque funding streams that could be exploited by foreign actors.

Despite these concerns, crypto donations remain legal in the UK under existing Electoral Commission rules. However, the proposed pause is intended as a temporary measure giving regulators time to strengthen oversight rather than signaling a permanent ban.

The push comes amid broader scrutiny of money in UK politics, particularly after some parties, such as Reform UK, began accepting crypto contributions, raising questions about transparency and election integrity in an increasingly digital financial landscape.

POLITICS | Leading UK Opposition Party Leader Invests in a Bitcoin Treasury Company

 

 

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Tether, issuer of the world’s largest stablecoin, USDT, has taken a decisive step toward addressing long-standing transparency concerns by appointing a “Big Four” accounting firm to conduct its first full independent audit of reserves, marking a potential turning point for the digital asset industry.

The company said the audit will comprehensively review its assets, liabilities, reserves, internal controls, and financial reporting systems – going beyond the quarterly attestations it has historically published, which only offered limited, point-in-time snapshots of its balance sheet.

2025 RECAP | Tether (USD₮) Reports Over 500 Million Users and Over $10 Billion in Profit for 2025

Chief Executive Paolo Ardoino described the move as the culmination of years of internal preparation, positioning the audit as a benchmark-setting effort aimed at meeting the highest standards of global finance. While Tether did not disclose which of the four firms

Deloitte,

EY,

KPMG, or

PwC

will conduct the review, the engagement itself is widely seen as a breakthrough after years of failed attempts to secure a top-tier auditor.

2026 OUTLOOK | The ‘Big Four’ Accounting Firms Looking to Ramp Up Crypto Services in 2026

The development comes after prolonged scrutiny of Tether’s reserve backing. The company has faced criticism from regulators, ratings agencies, and market participants for its lack of a full audit and past mis-statements about whether USDT was fully backed by cash.

In 2021, U.S. regulators fined Tether $41 million over inaccurate claims about its reserves, while analysts have repeatedly flagged opacity around asset composition and counterparties.

In 2021, the @CFTC ordered @tether to pay $41 million for misleading statements claiming that U.S dollars fully backed $USDT.

The regulator said false statements about reserves concealed ~$850 million in losses. pic.twitter.com/5lN6nugeNu

— BitKE (@BitcoinKE) March 25, 2026

Until now, Tether relied on attestations from firms such as BDO Italia, which confirmed reserve levels at specific dates but stopped short of providing the continuous, independent verification associated with a full audit. This distinction has been central to criticism from both traditional finance and competing stablecoin issuers, who argue that audits are critical for systemic trust—especially as stablecoins become increasingly embedded in global payments and financial markets.

The timing is also significant. Tether’s USDT supply has ballooned into the hundreds of billions of dollars, making it a systemically important player not only in crypto markets but also in traditional finance through its large holdings of U.S. Treasuries and other assets. The company has also diversified its reserves, including allocations to gold and other investments, further intensifying calls for deeper disclosure.

MILESTONE | Tether is Now One of the Largest Holders of Gold Globally

Industry observers view the audit as a strategic attempt by Tether to align itself more closely with regulatory expectations and institutional capital, particularly as stablecoin legislation advances in key markets like the United States and Europe. A successful audit could strengthen confidence in USDT’s backing and set a precedent for higher disclosure standards across the stablecoin sector.

After years of skepticism and regulatory pressure, Tether’s engagement with a Big Four auditor signals a shift – from defensive transparency to proactive legitimacy – as the firm seeks to cement its role at the center of the global digital dollar economy.

PRESS RELEASE | The First Bitcoin Treasury Company Receives a B- Rating from a Major Credit Rating Agency

 

 

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Draft U.S. legislation aimed at setting rules for digital assets would bar stablecoin issuers and intermediaries from offering yield on user balances, according to the latest text of the proposed Crypto Clarity Act reviewed by industry participants.

The revised language, negotiated by lawmakers in recent days, prohibits so-called ‘passive‘ rewards tied to simply holding stablecoins while leaving room for certain activity-based incentives linked to transactions or platform usage, though details remain unclear, according to reports.

The activities-based mechanics of determining stablecoin rewards have reportedly been left uncertain.

The provision reflects a compromise in a long-running debate between crypto firms and traditional banks, which have argued that yield-bearing stablecoins could draw deposits away from the banking system.

CLARITY ACT | American Banks Need Regulatory Clarity More Than Crypto Companies, Says Former CFTC Chairman

Banks have argued that stablecoin rewards could limit the industry and lending since they are not similar to interest-bearing bank deposits hence the proposal to base yield on activities over balances.

The Clarity Act, a broader market structure bill for digital assets, has been stalled in the Senate for months with disagreements over stablecoin yield among the key sticking points.

Initial industry reactions suggest the latest draft would significantly limit a key revenue stream for crypto platforms that have used stablecoin rewards to attract users even as lawmakers attempt to distinguish such programs from interest-bearing bank deposits.

REGULATION | Stablecoin Yield Providers Could Channel More Capital into U.S. Banks, White House Adviser Says

 

 

 

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Irish police have gained access to a long-dormant Bitcoin wallet linked to convicted drug dealer, Clifton Collins, recovering cryptocurrency worth about $35 million, authorities have said.

Ireland’s Criminal Assets Bureau (CAB), working with Europol’s European Cybercrime Centre, said it successfully accessed one of 12 wallets associated with Collins, seizing 500 Bitcoin that had been out of reach for years due to lost access codes.

 

In a statement, the Criminal Assets Bureau said:

“The Criminal Assets Bureau, supported by our partners at Europol’s European Cybercrime Centre, confirm the seizure of approximately €30 million in cryptocurrency.

The Criminal Assets Bureau in collaboration with Europol gained access to and seized a cryptocurrency wallet containing 500 bitcoins, which are the proceeds of crime. 

Europol hosted operational meetings at its headquarters in The Hague, the Netherlands and provided critical support to Bureau investigators and analysts with the provision of highly complex technical expertise and decryption resources vital to the success of the operation.”

CRYPTO CRIME | International Law Enforcement Bodies Take Down CyberCrime Infrastructure, Confiscates Associated Crypto

 

Collins, who was jailed in 2017 for cultivating and selling cannabis, had purchased roughly 6,000 Bitcoin between 2011 and 2012 using proceeds from his drug operation and distributed the funds across multiple wallets. Back then, the Bitcoin was worth only a fraction of its current value.

Authorities previously said the wallet keys were written on paper and hidden inside a fishing rod case, which was later lost after his arrest, leaving most of the funds inaccessible.

In the years since, the bureau has effectively been sitting on the asset, hoping advances in technology would lead to the 12 wallets being unlocked. During that period, the value of the seized bitcoin has soared to $390 million.

In late 2020, Collins reportedly surrendered assets worth ~$1.4 million to the State as they were the proceeds of crime. They included $1.1 million in bitcoin, which he had the key codes for.

Blockchain data showed the recovered wallet transferred the 500 Bitcoin to an institutional platform marking the first movement of funds tied to the case in nearly a decade.

Despite the breakthrough, the majority of the seized holdings, estimated at thousands of Bitcoin, remain locked, with officials saying access depends on recovering or reconstructing the missing keys.

CASE STUDY | How Spain’s Largest Crypto Exchange Pivot from Retail to Infrastructure for Banks and Law Enforcement is Proving Successful

 

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More than 50 cryptocurrency firms, including global exchange Binance, are reportedly exploring plans to establish regional headquarters in Nairobi, drawn by rising adoption and favourable tax incentives as Kenya positions itself as a financial hub in East Africa.

The Nairobi International Finance Centre (NIFC) said it is in active discussions with both local and international virtual asset companies as part of efforts to attract investment and create jobs.

 

“We have about 50 companies, specifically virtual asset firms, that we are engaging to set up regional headquarters in Kenya through the NIFC,” said chief executive Daniel Mainda in an interview.

 

Binance confirmed it is among the firms considering Nairobi as a base, though its entry will depend on the final regulatory framework adopted by the government.

“I can confirm that we are going to be part of that cohort… but the key factor for us is balanced, fair and robust regulation,” said Larry Cooke, the company’s head of legal for Africa.

EDITORIAL | Kenya Passes Landmark Crypto Law – Binance and Coinbase Expected to Lead Licensed Entrants

Firms setting up through the NIFC would benefit from reduced corporate tax rates of 15 percent for the first 10 years and 20 percent for the following decade, compared with the standard 30 percent.

WEF 2026 | “We Will Compete on Regulatory Quality, Not Regulatory Arbitrage [for Financial, Virtual Assets Services],’ Says CEO, Nairobi International Financial Center Authority

Kenya remains one of Africa’s largest cryptocurrency markets, with an estimated 733,300 users holding digital assets. According to blockchain analytics firm Chainalysis, the country ranks third in Africa for crypto adoption, behind Nigeria and South Africa.

Usage has also been expanding in real-world applications. A recent survey by the International Monetary Fund found that businesses in Kenya increasingly turn to stablecoins to settle payments for imports, particularly during periods of dollar shortages.

STABLECOINS | Private Firms in Kenya Turn to Stablecoins to Pay Foreign Suppliers, 49% Use USDT, Says IMF

 

 

 

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