Africa Crypto Week in Review: Ghana Crypto Policy, Super Group Launches Stablecoin in South Africa, Changpeng Zhao Blasted in Nigeria

In Africa crypto news this week, the Central Bank of Ghana has published a policy paper on crypto regulation. It addresses the need for action-driven, collaborative regulations rather than implementing outright bans on crypto.

South African logistics and supply chain giant Super Group is set to launch its stablecoin. This product aims to boost engagement with its customer base.

Meanwhile, Changpeng Zhao, the co-founder of Binance, has sparked the ire of Nigerians after his latest comments on the arrest of a Binance executive in 2024.

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Let’s look at these stories making continental headlines this week:

Ghana Crypto News: Policy Paper On Crypto Regulation is Live

The Central Bank of Ghana has published a policy paper on the regulation of crypto assets. This paper aligns with the promises made by financial regulators to enact regulatory legislation in response to similar regional developments.

“Ghana’s Policy Position on Virtual Assets and Service Providers” lays out the groundwork for a unified and action-driven regulatory framework. The paper speaks to the need to regulate rather than outrightly ban crypto:

“Ghana has not imposed a ban on virtual assets, recognizing that prohibition would likely drive activity underground and eliminate prospects of regulatory oversight.”

The paper further identifies key principles, including the need for appropriate regulation, a risk-based approach, the importance of collaboration among stakeholders, and the necessity of enhancing digital asset financial literacy among the population.

The Bank of Ghana has registered over 100 virtual asset service providers under a new policy to regulate the country’s growing cryptocurrency market.
A July 2025 exercise identified companies offering exchange, wallet, and investment services to over three million users.
To… pic.twitter.com/t1SlxbZvhv

— TheFluc (@_TheFluc) November 7, 2025

Crypto enthusiasts in the country will likely welcome this approach and hope to be closely involved in the legislative process.

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South Africa Crypto News: Super Group To Release a Stablecoin

Logistic and supply chain company Super Group has announced plans to release a stablecoin pegged to the South African Rand on Solana.

Super Group had been exploring crypto payments for a few months and opted for stablecoins to support its operations in the region, having crossed the 6M customer threshold in September.

The stablecoin, referred to as Super Coin, has the potential to be a valuable tool for payments and customer engagement.

During their Q2 earnings call, Neil Menashe, the CEO, highlighted the high cost of payments on the continent and stated that integrating crypto would make a “huge difference.”

“In the African side of our business, we have a banking issue there. I think crypto and coins can make a huge difference because banking is a really big cost in Africa, especially for us onboarding customers and then making payments across the continent.”

Full details on how the stablecoin works will be apparent in the near future as Super Group provides more information about the project.

The company is rapidly growing in the South African, Botswana, Malawian, and Tanzanian markets.

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Nigeria Crypto News: Changpeng Zhao Blasted After Tweet

In a now-deleted X post, Changpeng Zhao accused Nigeria of kidnapping Binance executive Tigran Gambaryan, who was detained for months in 2024.

However, these comments came amid Donald Trump’s claims that Christians in Nigeria were under attack.

Furthermore, crypto enthusiasts in Nigeria reacted strongly to these claims, with some pointing out that Tigran was lawfully detained.

Meanwhile, others pointed out the hypocrisy of CZ (as he is popularly nicknamed) being only recently pardoned of money laundering and fraud charges in the United States.

This is bad optics for the web 3 ecosystem in Nigeria . I spoke about this last year on Arise News about the unlawful detention of Tigran Gambaryan from Binance. This is why your biggest funds, VCs, HNIs, incubators & multinationals all left Nigeria last year. What a shame pic.twitter.com/ZjkR9os3h0

— JB of Lagos (@_jboflagos) November 2, 2025