Crypto exchanges in Ethiopia offered new registration program

Ethiopian authorities now require all crypto businesses to register with the Information Network Security Administration (INSA) in ten days. The initiative comes as Ethiopia looks for a legal framework to deal with the growing interest in cryptocurrency mining and investment.

Companies operating without registering with the INSA will be prosecuted. Through its registration scheme, Ethiopia wants to be the first African country to offer investors protection from criminal crypto enterprises from a cybersecurity perspective.