Despite the fact that a lot of im pipo dey commerce in Cryptocurrency, African kontries by no means present di kain help wey many anticipate, though some don dey take small-small step to just accept am.
Bitcoin, Dogecoin, Ethereum – dis na a few of di common cryptocurrency wey Africans don dey commerce in and di truth say many kontries by no means acknowledge am as authorized cash no cease di progress.
And Paxful, wey be crypto alternate platform say for 2020, Nigeria na im do crypto buying and selling cross for Africa wit quantity of 60,215 Bitcoins wey value $566,668,692.
Some don argue say if African kontries regulate crypto, e go make am dey much more common, and make di financial system ginger. However odas motive am to be like playing.
Make we torchlight wetin some African kontris don tok (or no tok) about di use of cryptocurrency.
Di Financial institution of Ghana no acknowledge cryptocurrency as authorized type of foreign money, though dem don prepare Invoice to control cryptocurrency.
Nigeria Safety and Alternate Fee (SEC) for statement wey dem release for dia official website in 2018 say dem go regulate digital belongings like cryptocurrency as a result of ‘digital asset choices’ like crypto-token or crypto-coin dey present anoda wey wey pipo go match make investments or hold dia cash as asset.
Dis floor breaking assertion shock many as e be say di Central Financial institution of Nigeria don draw ear earlier than give kontri pipo say sellers and traders in any sort of crypto foreign money in Nigeria no dey protected by legislation, according to one CBN circular on 28 February, 2018.
For February 2021, di CBN give order say make monetary directions shut down accounts of any buyer wey dey concerned wit cryptocurrency.
Kenya goment no recognise cryptocurrency due to di means e dey troublesome to control am though dem don type job pressure wey go torchlight whether or not dem match undertake am.
As one among di most superior economies for Africa, dem don dey look into how dem match permit cryptocurrency.
Actually, di nationwide treasury don suggest say make dem change di legislation to recognise am. And di Crypto Belongings Regulatory Working Group na im dey accountable to torchlight any legislation wey match epp dem legalise crypto.
However di South Africa Reserve Financial institution by no means comot any legislation to offer am authorized backing.
Di kontri no be stranger to di completely different monetary buying and selling service wey di world dey transfer to. Di island nation get many foreign currency trading firms wey dey registered dia and for crypto dem don prepare one framework to permit am.