Africa’s Bold Moves on Cryptocurrency
Across Africa, governments are racing to establish legal frameworks for cryptocurrencies, seeking to balance rapid adoption with investor protection.
According the information Sub-Saharan Africa has emerged as one of the fastest-growing regions for crypto usage, driven by grassroots activity and retail investors.
Ghana is preparing to implement comprehensive crypto regulations by the end of 2025. The Bank of Ghana, which released draft legislation last year, aims to strengthen registration requirements for exchanges and virtual asset service providers (VASPs). Nearly 3 million Ghanaians, about 9% of the population, already engage in cryptocurrency trading.
South Africa classified crypto as a financial product in 2022,…
