Booming African crypto adoption drives concerns over regulation

Cointelegraph

Published Sep 23, 2020 01:53AM ET

Updated Sep 23, 2020 04:00AM ET

2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index.

However, the booming growth has caught the attention of Africa’s financial regulators, sparking concerns that a rush to introduce heavy-handed oversight could quell innovation in the local crypto industry.

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