{"id":177209,"date":"2025-10-25T18:00:07","date_gmt":"2025-10-25T15:00:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=177209"},"modified":"2025-10-25T16:36:22","modified_gmt":"2025-10-25T13:36:22","slug":"regulating-the-boom-africas-bold-moves-on-cryptocurrency","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/regulating-the-boom-africas-bold-moves-on-cryptocurrency\/","title":{"rendered":"Regulating the Boom: Africa\u2019s Bold Moves on Cryptocurrency"},"content":{"rendered":"
According the information Sub-Saharan Africa has emerged as one of the fastest-growing regions for crypto usage, driven by grassroots activity and retail investors.<\/p>\n
Ghana is preparing to implement comprehensive crypto regulations by the end of 2025. The Bank of Ghana, which released draft legislation last year, aims to strengthen registration requirements for exchanges and virtual asset service providers (VASPs). Nearly 3 million Ghanaians, about 9% of the population, already engage in cryptocurrency trading.<\/p>\n
South Africa classified crypto as a financial product in 2022, bringing it under the Financial Advisory and Intermediary Services Act. The country now licenses exchanges and VASPs, and partnerships like Ripple with Absa bank are expanding crypto custody solutions. Lawmakers continue<\/a><\/strong> refining regulations for cross-border crypto transfers, and the sector is projected to grow almost 8% by 2028.<\/p>\n Mauritius enacted the Virtual Asset and Initial Token Offering Services Act in 2022, setting clear rules for exchanges, wallets, token issuers, and custodians. The legislation aligns with FATF standards, creating a robust environment for crypto businesses.<\/p>\n