Africa crypto news: Zimbabwe launches a blockchain carbon credit registry to boost transparency, while ZAP Africa rebuilds trust in the Nigerian crypto market post-CBEX collapse. Will the proposed 5% U.S. remittance tax drive crypto adoption in Africa?
The government of Zimbabwe is looking to use blockchain to re-establish the credibility of its carbon credit market. Due to transparency concerns, international investors are wary of investing in this market. Meanwhile, ZAP Africa seeks to undo some of the damage caused by the likes of FTX and CBEX in the crypto exchange landscape. On the international level, the proposed tax on remittances from immigrants in the United States could create opportunities for crypto platforms.
Let’s explore these stories that make up headlines for the week on the continent:
Zimbabwe Crypto News: Blockchain Carbon Trading Registry Launch
The Zimbabwe Carbon Markets Authority has launched a blockchain carbon-credit registry to boost transparency of its carbon credit sector. This move comes as the government tries to boost the credibility of its carbon market, following a few years of unpredictable policy decisions.
Implementing a blockchain-based system is geared towards restoring investor confidence in the sector.
The international carbon credit market is growing, with the Gulf and Western countries and corporations looking to offset some of their carbon emissions with credits from developing countries.
The Zimbabwean government anticipates that this move will be crucial in elevating the country’s profile on the international stage.
EXPLORE: 10 Best AI Crypto Coins to Invest in 2025
Nigeria Crypto News: ZAP Africa Rebuilding
Cryptocurrency exchange Zap Africa is looking to rebuild the credibility of crypto exchanges in Nigeria.
Co-founder Tobi-Asu Johnson claims that their efforts are driven by the reputational damage of international exchanges like FTX and Celsius.
Locally, the collapse of the CBEX exchange left thousands of Nigerians in limbo, adding further egg on the face for the industry.
Zap facilitates crypto swaps and bank-to-crypto exchange services, indirectly allowing investors in Africa to get exposure to some of the 1000X crypto opportunities. Moreover, their emphasis on lesser custodial holdings is one way to reduce points of failure in the exchange.
Swap your crypto to fiat at the best rates, faster and easier.
Tell a friend to tell a friend pic.twitter.com/VG4xKuEd8T
— Zap Africa (@getzapnow) May 14, 2025
Given the bad press generated by the collapse of CBEX, this effort has to be concerted and consistent.
EXPLORE: 10 Coins with High Returns: Crypto Forecast 2025
Africa Crypto News: Proposal To Tax Remittances By 5%
The Trump administration is considering imposing a 5% tax on remittances by non-citizens in the United States as part of its broader immigration policy shift.
Remittances by immigrants from African, Latin American, and South Asian countries are big contributors to their respective economies and families back home.
This proposal could immediately impact countries like Nigeria, which receive billions of dollars in immigrant remittances to families back home. Most of these remittances are through digital service providers like PayPal, which will likely implement the tax once directed by the United States. This tax might force some immigrants to consider alternatives, boosting the adoption of some of the best cryptos to buy, including Bitcoin.
(BTCUSDT)
Crypto is borderless. As a result, it will be difficult for authorities to implement a tax on such transfers. While seemingly harsh, the proposal can help drive crypto adoption. This is because more immigrants would prefer crypto rails than traditional remittance solutions.
DISCOVER: 17 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis
Africa Crypto News: Zimbabwe Carbon Trading, ZAP Africa Trust Building In Nigeria
- Zimbabwe is building a blockchain carbon trading registry to enhance transparency
- ZAP Africa looking to rebuild trust in Nigeria after CBEX collapse
- The United States proposes a 5% tax on remittances. Will this drive crypto adoption in Africa?
The post Africa Crypto Week in Review: Zimbabwe Blockchain Carbon Registry, ZAP Africa Rebuilding Trust in Nigeria appeared first on 99Bitcoins.
