Despite fears and skepticism over usage of virtual currencies for crime, tax evasion and money laundering, more African countries and individual investors are increasingly embracing cryptocurrencies to escape challenges to do with fiat money and to mop up extra value from informal markets that dominate the continent, according to a newly-published local report
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“Considering the potential for large-scale cryptocurrency use in Africa, policymakers in regions across the continent have some legitimate concerns. Among these is the risk of crypto asset crime, including tax evasion, money laundering, and terrorist financing through cryptocurrency if its trading is unregulated,” adds the report........Click here to know the details story
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