The decentralized nature of cryptocurrencies presents unique challenges, particularly the potential of money laundering involving cryptocurrencies in Africa.
To strike a balance between...
The Chinese government's stance on cryptocurrency has been largely negative, due to concerns about volatility, use for illegal activities, and potential to undermine...
Blockchain technology can solve Africa’s financial needs—precisely the disruption needed to level the playing field. This parallel financial structure can serve a tangible social good, offering an onramp to Africa’s financial landscape for people who would otherwise be excluded.
The local currencies’ depreciation in Africa has made them no longer a safe store of value. While remittances comprise a hefty portion of GDP, international sanctions complicate linkages to the global economy. Thus, blockchain and crypto can offer a lifeline for the survival of Africa’s financial landscape.