African States Largely Paralyzed About How to Regulate Crypto, Says New Report | Crowdfund Insider


A new report from Togo-based Ecobank says that, like regulators elsewhere, African regulators are confused about technical, political, and economic ramifications of cryptocurrencies and are largely taking a “wait-and-see” approach to regulating crypto sectors and activity there.

The report, “Cryptocurrency Regulation in Africa,” published August 1st, says that an overall crypto market “surge” of 4000% in 2017 essentially rendered regulators agog and clouded their ability to consider the purported benefits of new currency tech like Bitcoin and the thousands of variations spun off that theme.

African regulators are confused about technical, political, and economic ramifications of cryptocurrencies and are largely taking a ‘wait-and-see’ approach to…

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