In most African countries cryptocurrencies are allowed

EcoBank, based in Togo, published a study about the attitude of the authorities of various African countries to cryptocurrencies.

The main conclusion is that almost everywhere on the African continent, with the exception of Namibia, there is a ban not only on the purchase and sale of cryptocurrencies, but also on their use as an alternative means of payment.

In Nigeria, the most populous country in Africa, cryptocurrencies are not only allowed, but their circulation is regulated and taxes are collected from such operations.

A similar situation with the regulation develops in South Africa and Swaziland: here the authorities strongly encourage the development of cryptocurrency business.

In other countries, the government authorities take a wait-and-see position, without interfering with the development of the cryptocurrency market.

As a result, 36 countries of the continent have recently recorded an increase in purchases of crypto-coins.