The Future of Cryptocurrency in Africa

The Future of Cryptocurrency in Africa

The East African

International Monetary Fund (IMF) and World Bank have put on the table the option of exploring the use of cryptocurrencies. The digital assets, remain outlawed, or a legal grey area at best, in most jurisdictions around the globe, but the Bretton-Woods institutions feel they could solve the current high transaction costs nightmare slowing global trade and international development. In a recent document, the IMF said it will “continue to encourage the implementation of the high-level recommendations for crypto assets

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