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The prevalence of cryptocurrencies in Africa has been a hot topic in the space, as the continent is rife with emerging economies and practical use cases.
Particularly in North Africa, growth in the crypto industry continues to grow. A report from Chainalysis revealed the Middle East and North Africa (MENA) region to be the fastest growing in the world.
In September, the Nigerian government held meetings with Binance to potentially negotiate a special economic zone posed to support crypto and blockchain-related businesses in the region.
A later report from Chainalysis also highlighted Ghana’s rise to prominence in the crypto space. It said the country could potentially catch up to Nigeria and Kenya in terms of crypto adoption.
