The bitcoin revolution hits Africa
The bitcoin revolution hits Africa
- June 21, 2019
- Bill Maurer, anthropology, via OZY, June 21, 2019
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There’s an unsettled debate about whether bitcoin is a currency or payment protocol
— a crucial legal distinction that has made regulators especially wary, says Bill
Maurer, director of the Institute for Money, Technology and Financial Inclusion at
the University of California, Irvine. China, for instance, has barred its financial
institutions from carrying out bitcoin transactions. African countries have also been
hesitant, due to concerns about money laundering, but they’ve stopped short of a full
embrace.
For the full story, please visit https://www.ozy.com/fast-forward/the-bitcoin-revolution-hits-africa/31076.
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