IMF calls for tighter crypto regulation in Africa as the industry unfolds

[newshunter]

IMF calls for tighter crypto regulation in Africa as the industry unfolds

FTX’s collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.

Source: IMF calls for tighter crypto regulation in Africa as the industry unfolds

Would appreciate your opinion about this

[Astra]

It was all predictable. If there were no problems with FTX, the IMF would have found another reason to increase regulation of the cryptocurrency. It is noted that the cryptocurrency market is growing most rapidly in Africa, that is, areas with poor people who, in principle, have nothing to do at home and who are looking for an opportunity to make a living with the help of cryptocurrency. Here are the traditional explanations for the need to protect the rights of consumers in this market and the growth of abuse with the help of cryptocurrency. But in any case, there will be regulation of cryptocurrencies by states and this is not news.