Report: Ethiopia-Based Crypto Service Providers Told to Register With the Country's Cybersecurity AgencyCryptocurrency service providers operating in Ethiopia are now required to register with the country’s cybersecurity agency known as the Information Network Security Administration (INSA), a report has said. According to the agency, legal measures will be applied to crypto entities that fail to comply with its registration call. INSA Tasked With Developing Operating ProceduresThe Ethiopian cybersecurity agency, the Information Network Security Administration (INSA), has reportedly started registering crypto service providers operating in the country. INSA to Take Action Against Unregistered Crypto Service ProvidersHowever, despite the NBE’s hostile stance towards cryptocurrencies, the INSA is quoted in the Ethiopian Monitor advising crypto service providers operating in the country to heed its registration call. According to the report, crypto service providers have been granted a ten-day period in which they must complete the registration process.

Source: Ethiopian News August 28, 2022 10:42 UTC