Category: Africa

As Seychelles, an archipelago in the western Indian Ocean, gradually emerged as a noteworthy player in the crypto asset space, its legal framework for regulating these digital assets, including Initial Coin Offerings (ICOs), was still in development stages. The regulatory environment for crypto assets was relatively lenient, with ICOs...

As of the period leading up to 2023, the legislative landscape for cryptocurrencies in Comoros was characterized by a notable absence of specific laws or regulatory frameworks governing the use, trading, or mining of digital currencies. Absence of Specific Cryptocurrency Laws: In Comoros, there was no specific law that...

Initial Skepticism and Caution In the early stages, the regulatory approach to cryptocurrencies in Tanzania was marked by skepticism and caution. In 2017, the Director of National Payment Systems of the Bank of Tanzania (BoT) declared that crypto assets were not recognized in the country. This stance was a...

As of the period leading up to 2023, the legislative landscape for cryptocurrencies in Equatorial Guinea was marked by a significant lack of specific laws or regulations governing the sector. Legal Status of Cryptocurrencies: Cryptocurrencies were not illegal in Equatorial Guinea, but they were not officially recognized as legal...

Overview The legislative environment for cryptocurrencies in Tunisia prior to 2024 was characterized by a lack of clear regulation, placing digital currencies in a legal grey area. Absence of Specific Cryptocurrency Regulations As of the end of 2022, Tunisia had not established any specific laws or regulations pertaining to...

As of 2022, the legislative framework in Lesotho for cryptocurrencies was defined by caution and a focus on cyber security, rather than direct regulation of digital currencies. The Central Bank of Lesotho, in February 2018, stated that cryptocurrencies were neither recognized as legal tender nor considered foreign currency in...

As the world of digital assets grows, Ghana’s approach towards the regulation of cryptocurrencies has been cautious yet forward-looking. Prior to 2024, Ghana’s financial authorities maintained a firm stance on the use of cryptocurrencies within its financial system, deeming it illegal. This directive, reinforced by the Minister of State...