IMF warns that unregulated cryptocurrencies could threaten financial stability
The IMF has previously shown its disapproval of cryptocurrencies and other digital assets and has called for their regulation and control.
Policy
Uganda’s parliament is working on a bill to regulate virtual assets
The East African country is now looking to provide regulatory clarity for virtual assets and cryptocurrencies after initial hostilities.
‘Cryptocurrency ban still in effect’ Ghana’s finance ministry
All financial institutions in the country have received fresh instructions to refrain from engaging in crypto-related activities.
South African financial regulator mandates licensing for crypto exchanges
Crypto firms that continue to operate unlicensed beyond this deadline may face stringent enforcement actions, including possible closures or fines.
Namibia passes law to regulate cryptocurrencies despite central bank’s contrary stance
Despite the new development, the Bank of Namibia still maintains that cryptocurrencies have no legal tender status in the country.
Tokenization is promising but decentralized cryptos are flawed — BIS
According to the BIS, cryptocurrencies do not have the same level of trust as regular money issued by central banks.
RBZ finalizes P2P platform for gold-backed CBDC
The move is aimed at reducing the demand for US dollars and providing an alternative currency and store of value.