First Independent Mena Newspaper
The United Nations Office on Drugs and Crime (UNODC) has issued a stark warning about the rapid global expansion of Asian cybercrime syndicates, whose scam operations are now reaching as far as Africa, South America, and the Pacific Islands. Originally concentrated in Southeast Asia — particularly Myanmar, Cambodia, and Laos — these networks have evolved […]
With many Africans using cryptocurrencies for everyday transactions rather than speculation, cryptocurrency market across Africa grew by over 1200% between 2020 and 2021, and its usage remains high in 2022 despite the ongoing difficult bear market. 2022 has been a very difficult year for digital asset and cryptocurrency markets when the value of many major […]
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 […]