Nigeria’s Crypto Regulation Can Drive Fintech Jobs, Digital Economy in Africa
Africa is looking for faster and less expensive solutions as remittances exceed $50 billion. Cryptocurrency regulation could be the solution
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Last updated: Wednesday, June 4, 2025
Quick overview
- Sub-Saharan Africa receives over $50 billion in remittances annually, but traditional banking systems make these transfers slow and costly.
- Digital currencies, when regulated properly, can significantly reduce costs and enhance financial inclusion in the region.
- Nigeria's new Investments and Securities Act 2024 recognizes digital assets as securities, providing clarity and legitimacy for crypto engagement.
- Regulated crypto markets could improve financial access for the unbanked and create skilled jobs in various sectors, bolstering economic resilience.
Africa is looking for faster and less expensive solutions as remittances exceed $50 billion. Cryptocurrency regulation could be the solution, resulting in more Fintech jobs in the area.
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Skerdian Meta
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Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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