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IMF calls for tighter crypto regulation in Africa as the industry unfolds

IMF calls for tighter crypto regulation in Africa as the industry unfolds

The International Monetary Fund (IMF) is calling for increased regulation of Africa’s crypto markets, one of the fastest-growing markets in the world, the global institution blog reported on Nov. 22.

Among the reasons why countries in the region should embrace regulation, the monetary fund cited the collapse of FTX and its ripple effect in cryptocurrencies prices, which is “prompting renewed calls for greater consumer protection and regulation of the crypto industry.”

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