BTC/USD -0.95% Add to/Remove from WatchlistThe adoption and use of in Sub-Saharan Africa has surged to the highest globally, according to the 2023 Geography of Cryptocurrency Report by Chainalysis. The report, published yesterday, focuses on the region's significant growth in cryptocurrency usage, with homegrown sub-Saharan Africa-based exchanges outpacing global ones. Nigeria stands out with a 9% annual growth rate in cryptocurrency activities, ranking second globally in Bitcoin usage, only behind India. Countries such as Kenya, Ghana, and South Africa rank high on the Global Crypto Adoption Index. Similarly, in South Africa, clear regulations are fostering more crypto usage.

Source: The North Africa Journal September 20, 2023 10:49 UTC