African nations were busy introducing various initiatives for cryptocurrencies in 2023. Read about the most significant innovations and crypto-related progress made during the year.
Africa has emerged as a continent with significant interest in cryptocurrency. It has some of the youngest and fastest-growing populations in the world, with massive potential for digital asset adoption.
According to BitcoinAfrica.io, South Africa, Nigeria, Zimbabwe, Kenya and Ghana are the top five African countries adopting Bitcoin (BTC), with the most demand for digital cuurrency and the most active local cryptocurrency communities.
In 2023, many cryptocurrency initiatives were taken by different African governments. Cointelegraph looks back over the year through the lens of African crypto initiatives, the addoption rate in African countries, new regulations, and the degree to which businesses embrace cryptocurrency transactions.
