Africa has never been friendly to crypto. Despite incredible adoption numbers on the continent, African governments have met almost every crypto discussion with bans or warnings.

However, some of its largest economies have abandoned that approach and are working to introduce licensing regimes, stablecoin oversight, and compliance rules designed to integrate digital assets into the financial system.

The shift in sentiment and action taken by governments is the answer to a change in what crypto has become on the ground, where it’s become less of an investment and more of a payment system that millions of people already use for remittances, savings, and cross-border trade.

Over the past two years, the government’s stance has flipped, and…