Does Cryptocurrency need Heavy Regulation to Thrive in Africa?

In May 2024, Triple-A published a report revealing that 562 million people worldwide own digital currencies. While 43.5 million Africans own digital currencies, only one African country, South Africa, is among the top 30 countries with the highest cryptocurrency ownership worldwide. In 2022, Nigeria was the leading African country in cryptocurrency adoption and 11th globally. Kenya, Ghana, and Morocco made up the top 5 countries in Africa. Interestingly, two years later, none of these countries is among the top 30 in global cryptocurrency ownership.

To read more, check the full article on Modern Ghana.

Photo by Shubham Dhage via Unsplash.

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