Licensed, banned, undecided? Here’s the state of crypto licensing in Africa

Say the word “cryptocurrency” in a room full of finance elites, and you might ruffle feathers. Due to its untraceability—thanks to blockchain—central banks find it difficult to grant legal status to digital assets. Funds are hard to trace, undermining their responsibility to issue effective monetary policies.

However, this uncertain stance has not stopped the adoption of cryptocurrencies in Africa, where people use digital currencies as a means of payment, investment, or for real-world retail purchases.

https://techcabal.com/2025/08/06/crypto-licensing-in-africa/' target='_blank'>Read Full Story