Africa’s crypto market is entering a new phase as regulators move to establish clearer rules for digital assets. Binance’s Larry Cooke discusses how the exchange is preparing for tighter oversight, the case for harmonised regulation and what countries such as Kenya, Ghana and South Africa can teach the rest of the continent.
Crypto has never been particularly good at waiting. Across Africa, people have adopted digital assets to move money across borders, navigate currency volatility and access financial services outside traditional banking systems.
But regulators are now catching up, with countries across the continent moving to establish clearer rules for the industry.
For Binance, one of the world’s biggest crypto exchanges, that means preparing for a market where growth will increasingly come with regulatory scrutiny. Larry Cooke, Binance’s Africa spokesperson, says the company sees regulation as an important part of the industry’s next phase.
In an interview with Business Insider Africa, Cooke discussed how Binance is preparing for a more regulated African crypto market and what the changing rules could mean for adoption, innovation and the millions of Africans already using digital assets.
