African Countries Crypto and Blockchain Regulations
Crypto Currency Regulations & Government Attitude in Africa
Financial markets are heavily regulated for good reasons, and the same should apply to cryptocurrencies and digital payments. Blockchain and cryptocurrencies are new disruptive technologies, and legislators worldwide are still learning about them. In Africa, some governments have issued official statements on cryptocurrencies, while others remain silent. The treatment of cryptocurrencies varies globally, with some countries considering them as currencies and others as digital assets subject to taxation. There are still many important questions to be answered as blockchain and cryptocurrencies prepare for mainstream adoption.
IVAIBI FESTO Founder Mitroplus Labs
Digital Literacy In Africa
African countries have embraced digital solutions for money transfers and technology implementation, often leapfrogging first-world countries. Mobile phone usage has surged from under 3% to 80% in less than a decade. Local mobile and e-payment platforms have capitalized on this, creating innovative ways to streamline money transfers across the continent. Kenya's M-Pesa, in operation since 2007, enables customers to send and receive money via mobile phones, handling over 25% of Kenya's GNP in transfers, fostering confidence in financial technologies.
Barker Mckenzie
Mitroplus Labs is proud to partnering and sharing with African legislators on developments in blockchain, crypto currencies & other related technologies and how they can be regulated for the benefit of the citizens and the nations
A comparative summary of the reception and regulation of Blockchain and Cryptocurrency in Africa 2018
SAFETY & RESPOSIBILITY
Our work to create safe and beneficial enviroment, requires a deep understanding of the potential risks and benefits, as well as careful consideration of the impacts.
How new technologies fit into the african society, how they should be recieved and how to regulate them.
Partnering and funding new local and brilliant projects in related technologies.
Collectively identify challenges & complaints of individual traders unique to the african market, brokers and exchanges that operate with in the region.
REGULATIONS, TAX & POLICY FORMULATION
The vast majority of the operational costs of the existing financial infrastructure relates to trucking, reconciling, reporting, including to regulators and auditing huge amounts of transactional information. These functions are not going to go away, The key is how do we get them perfomed at higher speed and with greater efficiency. Disruptive technology comes with a lot of changes and unknowns, Especially if its technology that no one went to school for, We are proud to work and share our expertise with legislators towards policy formulation and enforcement.
How should AI systems behave and who decides and Most importantly how do we align them with human values ?
