Cryptocurrencies
Trump’s Crypto Embrace Seen Forcing Regulatory Changes in Africa
- Yellow Card’s Chris Maurice sees year of regulatory approvals
- Crypto trading is still illegal in most African nations
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The CEO of Yellow Card Financial Inc., a pan-African focused digital assets exchange, says he has received increased interest from traditional banks and expects regulators to act quicker on establishing rules for the sector following the inauguration of crypto-friendly US President Donald Trump.
“With the US moving this way, I think that you’ll see a lot more speed from various governments around Africa in terms of getting to a point regulatory clarity,” Chief Executive Officer Chris Maurice said in an interview on Wednesday. “This gives us more confidence that over the next year or so, you’re gonna see sweeping regulatory change across the African continent.”