First Independent Mena Newspaper
Home to the second most crypto-currency holders in the world, Africa is in urgent need for greater consumer protection and regulation of the crypto industry, experts say, which has been highlighted by the collapse of the world’s third largest crypto exchange FTX and subsequent plunge in the prices of major crypto assets, most notably Bitcoin. […]
Despite rising interest all across the continent, trade in cryptocurrencies remains banned — in part due to concern about soaring losses arising from crypto scams — by most African governments save for the Central African Republic (CAR). The latest Chainalysis report indicates that losses arising from cryptocurrency scams rose by 60% in the first seven […]
Morocco extradited to the USA Renwick Haddow, a British citizen accused of fraud related to Bitcoin, the US department of Justice (DOJ) said. The British citizen is accused of defrauding investors of More than $36 Million, the DOJ said in a statement. The DoJ complaint alleges Haddow, 49, “misappropriated investor funds” and “made false and […]
The transactions made via Bitcoin, the digital payment system, constitute a “violation of regulations, punishable by penalties and fines”, said the Moroccan government agency “Office des Changes”. The Office stand comes few days after Moroccan digital services company MTDS said it would accept payment in bitcoin. According to the Office des Changes, the use of […]
Moroccan authorities have arrested a British dealer in the virtual Bitcoin currency charged with financial fraud in the United States, the Daily Mail reported. The Moroccan news agency had previously reported that the British citizen was arrested in Tangier in response to an Interpol notice without naming him and that his extradition will be decided […]