Category: Africa

Mauritius, known for its picturesque landscapes and burgeoning fintech sector, has actively engaged in developing a regulatory framework for cryptocurrencies. This framework, guided by a series of strategic milestones and the enactment of the Virtual Asset and Initial Token Offering Services Act 2021 (VAITOS Act), illustrates the country’s commitment...

As of the years leading up to 2024, Liberia’s legislative landscape regarding cryptocurrencies remained largely undefined. The Central Bank of Liberia had not issued any formal stance or regulations concerning the use, trading, or mining of cryptocurrencies. This lack of explicit legal frameworks left cryptocurrencies in a regulatory gray...

As of 2023, The Gambia’s approach to cryptocurrency regulation was marked by an absence of specific legislation or clear governmental stance. This created a unique environment where cryptocurrencies were neither explicitly endorsed nor prohibited, leading to a degree of ambiguity in the legal and financial landscape. Lack of Specific...

As of the years leading up to 2024, Madagascar’s approach to cryptocurrency regulation was characterized by a notable absence of specific legal frameworks. This lack of concrete legislation created a gray area for the use and trading of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Cardano, USDT, XRP,...

As of 2023, the legislative landscape for cryptocurrencies in Guinea was characterized by a notable absence of specific regulations or legal frameworks governing the use of digital currencies. This lack of clear guidelines placed cryptocurrencies in a legal gray area within the country. Absence of Official Stance or Ban...

The Republic of Algeria, a North African country with a significant influence in the Arab world, has taken a notably stringent stance on the regulation of cryptocurrencies prior to 2023. This approach is encapsulated in the nation’s legal framework, particularly the Financial Law of 2018, which fundamentally shaped the...

As of 2023, the legislative landscape for cryptocurrencies in Burundi remained highly restrictive. The Burundian government had implemented a total ban on all cryptocurrency transactions as early as 2019. This decision was driven by concerns over potential fraud, criminal activities, and the inherent volatility associated with cryptocurrencies. Despite the...

As of the period leading up to 2023, the legislative environment for cryptocurrencies in Benin was marked by a significant lack of specific regulation. This created a unique scenario where the legal status of cryptocurrencies in Benin remained ambiguous, falling into a grey area within the broader financial and...

As we delve into the legislative landscape for cryptocurrencies in Zimbabwe prior to 2024, it’s essential to understand the unique economic backdrop against which these developments unfolded. Zimbabwe, a country that has faced significant economic challenges, including hyperinflation and currency instability, has had a complex relationship with digital currencies....

As of the period leading up to 2023, the legislative landscape for cryptocurrencies in Cabo Verde (Cape Verde) remained largely undefined, characterized by a lack of specific laws or regulatory frameworks governing the use, trading, or mining of digital currencies. Absence of Explicit Cryptocurrency Laws: There were no explicit...