Africa Crypto June 2025: Key Trends, Legal Shifts, and Global Signals

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Africa Crypto June 2025: Key Trends, Legal Shifts, and Global Signals

As of July 1, 2025, Africa Crypto June 2025 highlights a dynamic month for digital assets. Both global institutions and African markets showed strong activity, innovation, and challenges. This overview explores key events and trends—especially in Africa—that shaped the crypto landscape for africancryptocurrencynews.com readers.

Global Momentum and Institutional Bitcoin Moves

June 2025 witnessed aggressive Bitcoin accumulation by major institutions. On June 26, Bakkt Holdings filed an SEC Form S-3 to raise $1 billion for its Bitcoin treasury plan, possibly acquiring over 9,000 BTC. This move follows similar strategies from companies like MicroStrategy.

That same day, Japan’s Metaplanet purchased 1,234 BTC for $133.4 million. This brought their total to 12,345 BTC—surpassing Tesla’s holdings. Earlier in the month, they had reached 10,000 BTC after issuing $210 million in bonds.

Meanwhile, Ripple launched version 2.5.0 of the XRP Ledger. This upgrade included support for batch transactions and enhanced escrow, aiming to improve regulatory compliance and rival chains like Solana and Ethereum.

Another notable event came from ProCap BTC. The company announced a public listing via SPAC on June 23. They raised over $750 million and immediately invested $386 million into Bitcoin the next day, purchasing 3,724 BTC.

Additionally, Texas passed Senate Bill 21 to establish a Strategic Bitcoin Reserve. With this, Texas became the third U.S. state to make Bitcoin part of its investment portfolio.

Africa Crypto June 2025: Legal Action and Conferences

Africa saw a surge in activity across legal, economic, and community fronts. The Blockchain Africa Conference returned for its 11th edition in Gauteng, South Africa, drawing leaders to discuss blockchain innovation.

At the same time, Kenya hosted its 3rd Blockchain and Crypto Conference in Nairobi, backed by Binance. Over 1,500 stakeholders participated under the theme “Driving Blockchain Innovation and Mass Adoption.”

OnChain 2025, another regional event, spotlighted stablecoins and real-world asset tokenization, emphasizing Africa’s potential in crypto infrastructure.

Legal Ruling in South Africa Raises Debate

On May 15, the Gauteng High Court ruled in the Standard Bank v South African Reserve Bank case that cryptocurrencies are neither “money” nor “capital” under current exchange control laws. Although the ruling is suspended pending appeal, it sparked major discussion.

Judge Mandlenkosi Motha criticized the use of Apartheid-era financial rules and called for modern regulatory reform. His remarks were echoed in a May 26 ITWeb article, adding fuel to an ongoing debate.

Ongoing Scams and Mining Growth

While adoption grew, fraud remained a challenge. The CBEX crypto scam, which collapsed in April 2025, continued to affect users in Nigeria and Kenya. Despite CBEX claiming on June 10 that users were “compensated,” investigations by Nigeria’s EFCC and Kenya’s Capital Markets Authority remained active, with arrests and warrants issued.

Meanwhile, mining operations progressed. Cango Inc., active in East Africa, reported producing 450 BTC in June—slightly down from May’s 484.5 BTC. By month-end, their holdings reached 3,879.2 BTC.

Africa’s Expanding Global Presence

Africa’s crypto presence also grew on the global stage. VALR, the continent’s largest exchange by volume, sponsored Istanbul Blockchain Week on June 26–27. Additionally, a June 29 article confirmed that South Africa’s crypto transaction volume reached over $1.2 billion in Q1 2025—an impressive 40% increase.

Broader Adoption and Market Outlook

Data from Chainalysis shows that Sub-Saharan Africa accounted for 2.7% of global crypto transaction volume from July 2023 to June 2024. Nigeria ranked second globally in adoption, while South Africa, Kenya, and Ethiopia also made strong showings.

With a young, tech-savvy population and widespread mobile money use, Africa’s projected crypto revenue is expected to hit $653 million by 2028. That said, incidents like the CBEX scam reinforce the need for tighter investor protections.

Key Events Summary

Conclusion

Africa Crypto June 2025 showed strong momentum in both adoption and institutional interest. From legal rulings to major conferences, the continent is embracing blockchain’s potential. However, scams and outdated regulation remain hurdles. Looking ahead, Africa’s challenge will be to balance innovation with investor safety.