Between September 2019 and June 2021, the cryptocurrency ecosystem expanded by 2,300% with a strong presence. According to estimates of digital currency ownership published by the United Nations Conference on Trade and Development, in 2021, 75% of the top 20 crypto economies were emerging market and developing economies. Kenya, South Africa, and Nigeria are among them.
On Business Edge from London, UK, Dr Iwa Salami, Associate Professor in Financial Law at University of East London and Co-Director of the Centre of FinTech at University of East London. Dr Salami explained the reason many Africa nations, particularly the big three, Nigeria, Kenya and South Africa have a high cryptocurrency adoption and use, despite the restrictions from monetary regulators in the country.
This is the full clip of Dr Iwa Salami’s interview.https://youtu.be/IbUpmgm3rTw
The Future of Cryptocurrencies in Africa
Dr Iwa Salami, Associate Professor in Financial Law at University of East London and Co-Director of the Centre of FinTech at UEL.