A coalition of South African cryptocurrency industry players has united to oppose proposed new exchange control rules, according to Moneyweb. The group argues the regulations would be disastrous for the country, warning they could drive jobs and investment away from South Africa. The industry body is calling on authorities to reconsider the proposed framework governing crypto transactions across borders.

The Securities and Exchange Commission (SEC) of Nigeria has approved Koinkoin Global Network Limited, GIGX Technologies, Blockvault Custodian Ltd, and six other Virtual Asset Service Providers (VASPs) for its Accelerated Regulatory Incubation Programme (ARIP). This Approval-in-Principle allows the nine entities to commence operations within the SEC's regulatory sandbox.

A recent hack targeting Bitcoin has drawn attention to a key vulnerability in cryptocurrency systems, according to Moneyweb. The incident comes as the digital asset industry works to persuade banks and institutional investors that cryptocurrencies can be integrated into mainstream financial infrastructure. The breach raises questions about the security of digital assets at a time when the sector is seeking broader acceptance from traditional finance.

Daya, a fintech startup backed by Alliance, has raised $2.4 million to develop stablecoin payment infrastructure. This funding follows its graduation from the Alliance DAO ALL15 cohort in November 2025. Daya aims to join other Africa-focused fintechs like Yellow Card and Juicyway in leveraging stablecoins for cross-border business transactions.

Yellow Card has received regulatory approval in Switzerland, allowing it to expand its global stablecoin network. This approval follows the company's decision seven months prior to discontinue its retail trading business in favor of enhancing its business-to-business infrastructure operations.

Stablecoins in emerging markets have evolved from being a speculative financial novelty to a significant driver of macroeconomic change, impacting international capital movement across fragmented economies. This transformation is part of a broader structural shift in the global financial system, influenced by digital innovation and the rise of asset-backed tokens, according to Sharp Daily.