Week in Crypto: Top African Blockchain News (March 3 – March 9, 2025)

March 9, 2025

Top Headlines

Crypto Assets Regulation and Compliance Conference 2025 Announced – South Africa to host a major conference focusing on crypto regulation and compliance on on 12 & 13 March 2025. Source: TCI.

2. Binance P2P to Shut Down the Cash Zone Option from April 2025– Binance P2P Cash Zone that enables users to trade crypto for cash in person with registered merchants will be shut down, while the platform continues to support over 800 payment methods for seamless crypto transactions. Source: BitKe

3. Crypto Tourism: Africa’s Hidden Bitcoin-Friendly Destinations – Crypto is transforming tourism across Africa in cities like Cape Town, Lagos, and Kigali, and digital nomads are living the Bitcoin lifestyle on the continent. Source: Tawk Crypto

4. Millions of Moroccans HODL Crypto Despite Official Ban – .Despite Morocco’s long-standing ban on cryptocurrencies, a recent report from French crypto brokerage HelloSafe indicates that nearly 6 million Moroccans actively own digital assets. Source: Tawk Crypto

5. Coinbase Expands P2P Services in Nigeria – Coinbase has made a significant move into the African market by teaming up with Onboard Global to introduce peer-to-peer (P2P) payment services in Nigeria. Source: Tawk Crypto

6. BitGet Partners with CallPay to Bring Seamless ZAR Deposits and Withdrawals to South African Crypto Traders – BitGet has partnered with South African fintech firm CallPay to facilitate ZAR deposits and withdrawals, aiming to simplify fiat-to-crypto transactions and boost crypto adoption in the country. Source: Tawk Crypto

Market Update

As of March 9, 2025:

Bitcoin (BTC): $77,480.50 (-10.6%)
Ethereum (ETH): $2,016 (-6.23%)
Top Gainers:
- Cardano (ADA): $0.80 (+23%)
- Cronos (CRO): $0.089 (+21%)
Top Losers:
- XRP: $2.24 (-14.8%)
- Solana (SOL): $133.99 (-16.5%)

The crypto market saw a bearish week ending March 9, 2025, with Bitcoin (-10.6%) and Ethereum (-6.23%) declining, while Cardano (+23%) and Cronos (+21%) led gains, and XRP (-14.8%) and Solana (-16.5%) suffered the biggest losses.

Biggest Stories of the Week

South Africa to Host Crypto Assets Regulation and Compliance Conference 2025
The conference, scheduled for March 12-13, 2025, at the Indaba Hotel in Fourways, will focus on regulatory governance, compliance, and risk in the crypto ecosystem. It aims to bring together crypto asset providers, financial intermediaries, and regulators to discuss the future of digital assets in the region.

Binance P2P to Shut Down the Cash Zone Option from April 2025
Binance is shutting down its P2P Cash Zone on March 31, 2025, as part of its focus on core services and innovation, with new orders accepted until March 25, 2025. Users can still trade on Binance P2P using over 800 supported payment methods, with escrow protection ensuring safe transactions.

Crypto Tourism: Africa’s Hidden Bitcoin-Friendly Destinations
Despite regulatory hurdles and security concerns, crypto tourism in Africa holds immense potential, with blockchain-based payment systems and DeFi set to transform the travel experience. For both travelers and local entrepreneurs, embracing crypto now offers a seamless way to transact, unlocking new opportunities and driving economic growth across the continent.

Expert Take

Frank Corva’s on Women’s Contribution to Bitcoin :
Yes, women from the U.S. and Europe did great work in the Bitcoin space last year — but so did women from Africa, Latin America, Southeast Asia and The Middle East. Source: Bitcoin Magazine

Upcoming Events

Crypto Assets Regulation and Compliance Conference 2025: March 12-13, 2025, at the Indaba Hotel in Fourways, South Africa. Register Here.
Africa NFT Metaverse Conference 2025: March 27-29, 2025, in Nairobi, Kenya. Register Here

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