Crypto laws are popping up across Africa as countries race to offer favorable conditions to the crypto industry and balance consumer safety concerns.
Yesterday, the governor of the Bank of Ghana, the country’s central bank, said that crypto regulations will be in place by the end of 2025. This follows draft guidelines the bank published last year.
By introducing a strong legal footing for crypto investors and companies, Ghana will join nine other countries on the continent that have laws in place for digital assets.
In general, crypto adoption is growing in Africa, particularly in Sub-Saharan Africa. Grassroots adoption and retail activity make it the third-fastest-growing region for crypto.
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