The emergence of a crypto-friendly government in the U.S. Significantly influences African regulators’ approaches toward establishing cryptocurrency regulations. According to Chris Maurice, there is a notable shift in sentiment from regulators and traditional banks in Africa, which fosters confidence in the region’s crypto industry.
Maurice expressed optimism for Yellow Card’s approval to operate in Nigeria, noting a growing interest from banks in cryptocurrencies post-elections and the upcoming digital asset licensing opportunities planned for 2025, enhancing the prospects for the region’s digital asset platforms.