From a quick search, here’s what I discovered.

Cryptocurrency Legislation in Togo: 2024 Overview

As of 2024, the cryptocurrency landscape in Togo remains largely unregulated and undefined. Cryptocurrency is not explicitly illegal in the country, indicating a somewhat neutral stance by the government. The Central Bank of West African States, of which Togo is a member, has issued warnings about the potential risks associated with cryptocurrencies, highlighting concerns prevalent in many regions about digital currencies. Despite these warnings, Togo has not developed specific laws regulating or banning the use of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Cardano, USDT, XRP, and Monero​​​​.

In the absence of explicit laws and regulations, there are no defined penalties or enforcement methods for cryptocurrency-related activities in Togo. This situation places cryptocurrency use in a legal grey area, where it is neither officially accepted nor prohibited. The lack of specific guidelines or regulatory frameworks means that the legality and use of cryptocurrencies in Togo exist in a zone of uncertainty​​.

Regarding cryptocurrency trading, it is not explicitly illegal in Togo. Individuals and businesses can trade cryptocurrencies, provided they comply with existing financial laws and regulations. However, due to the lack of specific regulations, participants in the cryptocurrency market should exercise caution and be aware of the potential risks involved​​.

Cryptocurrency gambling also falls into a similar category of ambiguity. While there is no specific legislation addressing cryptocurrency gambling, online gambling in general is not regulated in Togo. This lack of regulation suggests that individuals engaging in cryptocurrency gambling should proceed with caution, considering the potential legal uncertainties and risks​​.

Overall, the 2024 cryptocurrency landscape in Togo reflects a scenario where digital currencies are neither fully embraced nor explicitly restricted by the government. In the absence of specific government laws or resources directly addressing cryptocurrency, the responsibility falls on individuals and businesses to ensure that their dealings with cryptocurrencies align with existing financial laws and regulations​​.