One of Africa’s largest banks, ABSA Bank, is partnering with Ripple to provide custody services on the Ripple blockchain. This announcement is another important moment in the adoption of cryptocurrencies by major financial institutions.
The central bank intends to implement crypto regulations in Ghana by December. Ghana is joining several major countries on the continent to enact similar legislation.
Meanwhile, Blockchain.com is seeking a cryptocurrency exchange license from the Nigerian Securities and Exchange Commission. This decision comes weeks after the platform chose Nigeria as its regional hub.
Let’s look at these stories making continental headlines this week:
South Africa Crypto News: ABSA Bank Partners with Ripple
South African banking giant ABSA Bank is associate with Ripple to allow users to store digital and crypto assets on the Ripple blockchain. This move is another major adoption of cryptocurrencies by major financial institutions.
ABSA customers can now store cryptocurrencies on Ripple and have integrated tools to manage their digital assets.
ONLY IN: Ripple expands its global custody footprint in Africa through a new collaboration with Absa Bank. pic.twitter.com/jbu1d8OQQ4
– Whale Insider (@WhaleInsider) October 15, 2025
Reece Merrick, Ripple’s managing director for the Middle East and Africa, said the partnership is a “major change” and underlines its commitment to unlocking The potential of cryptocurrencies..
“Africa is undergoing a major shift in the way value is stored and exchanged, and our partnership with Absa underlines Ripple’s commitment to unlocking the potential of digital assets on the continent.”
The bank is betting on the young and digital asset-friendly customer base to adopt this use. Established institutions like ABSA rely on these types of partnerships to target a broader demographic and keep up to date with financial trends.
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Ghana Crypto News: Central Bank to introduce regulations in December
The Central Bank of Ghana (CoG) has the intention implement crypto regulations by December 2025. Ghana is joining similar trends on the continent, and countries like Nigeria and Kenya have recently enacted crypto laws.
We should be able to regulate cryptocurrencies in Ghana by the end of December… – Dr. Johnson Asiama (BoG Governor)#GHOneNews #RedEIB#GHOneTV #NewsAlert pic.twitter.com/PDhAyFyzGy
—GHOne TV (@ghonetv) October 16, 2025
CoG Governor Johnson Asiama gave the timeline at a recent IMF event. He explained the rationale for the legislation as follows:
“We have drawn up the regulatory framework and we have a new bill to regulate virtual assets. That bill is on its way to parliament. Hopefully, before the end of December, we will be able to regulate cryptocurrencies in Ghana.”
Given the increasing size of crypto markets Globally, regulation is receiving increasing attention. The amount of money flowing into cryptocurrencies, buying some of the best coins like Solana or Cardano, is in the billions. As such, regulators want to have visibility into this movement.
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Nigeria Crypto News: Blockchain.com Seeks Regulatory License
The international crypto platform Blockchain.com is searching a crypto exchange license from the Nigerian Securities and Exchange Commission (SEC). This move comes weeks after the platform chose Nigeria as its regional hub.
Owenize Odia, Managing Director for Africa at Blockchain.com, said Nigeria is an important market and compliance is critical to its operations.
“Nigeria is a very important market for Blockchain.com. Compliance is fundamental to how we operate. We openly engage with regulators and, in Nigeria, we met with the SEC and applied for the appropriate license.”
Blockchain.com already holds licenses in multiple jurisdictions and is seeking to regularize its operations in Nigeria. The country passed a securities law earlier this year that requires fintech institutions to meet specific requirements, including licensing.
The crypto financial services company also aims to build trust with the country’s crypto commitment and show commitment to long-term participation in this market.
They are also establishing a physical office in Nigeria that will act as a regional hub, driving customer engagement and partnerships.
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Africa Crypto News: Ripple ABSA deal, Ghana crypto regulations
- South Africa Crypto News: Ripple and ABSA Partnership
- Ghana Crypto News: Central Bank of Ghana to Regulate Cryptocurrencies by December 2025
- Nigeria Crypto News: Blockchain.com Seeks SEC Crypto License
The post Africa Crypto News Week in Review: ABSA and Ripple Team Up, Central Bank of Ghana Crypto Regulations; Blockchain.com seeks license in Nigeria appeared first on 99Bitcoins.
