Category: Somalia

In 2024, the cryptocurrency regulatory landscape in Somalia presents a scenario of emerging interest amidst challenges, reflecting the country’s evolving economic and technological landscape. Somalia, located in the Horn of Africa, has been navigating the complex world of digital currencies amid broader efforts to rebuild its economy and infrastructure...

The legislative environment for cryptocurrencies in Somalia leading up to 2023 was characterized by a notable lack of regulation and a general caution advised by the Central Bank of Somalia. This article explores the key elements of Somalia’s approach to cryptocurrency regulation during this period. Ambiguous Legal Status and...