On Monday, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets.
“Everyone should have all eyes on Africa right now,” said Ray Youssef, CEO of peer-to-peer lending platform Paxful during CoinDesk TV’s “First Mover” show on Friday.
The first-ever virtual version of Blockchain Africa delivered an optimistic outlook for the cryptocurrency and blockchain space in the continent as the world settles into a new normal dictated by COVID-19.
The main issue inhibiting regulation seems to be a combination of resistance and indecision both from regulators, which has majorly been a result of little or no understanding of cryptocurrencies.
Crypto usage and trading has made its way over to Africa, gaining prevalence all over the continent, according to Chris Maurice, CEO of Yellow Card — a crypto exchange based in Lagos, Nigeria.
