Pan-African organization regulates crypto-trading

Crypto News

The African Digital Asset Framework (ADAF) would have launched a multi-year project to promote crypto-trading in Africa through sound and flexible regulation.

Unify the African continent

ADAF, founded and led by three organizations including Raise, Kotani,  alba.one, today embeds crypto-trading within its open-source software platform. It is therefore important to apply unified standards in the context of better management of crypto-currencies supported by the ADAF.

“The new framework aims to create cross-border and inter-territorial standards related to cryptocurrency exchange services and Blockchain technology,” says Felix Macharia, the co-founder.

These standards will be created and applied on the ADAF platform to encourage the exchange of digital assets between Africans and their diaspora . They are also intended to promote the Blockchain to stimulate integration in the digital economy.

According to Felix, virtual currencies such as bitcoin can become the backbone of a digital economy without borders on the continent.

A boon

In Africa, intra-continental trade accounts for only 11% of gross domestic product.

The new platform that is built on the idea of ​​collective creation will provide political offers for different business sectors. It will provide information on sustainable development goals and leadership that will enlighten members of the crypto-community.

The pan-African initiative enjoys strong national support, including from the African Union and its Member States Ambassadors, the African Development Bank (AfDB) and other notable personalities such as the former President of the Republic of Mauritius, Dr. Ameenah Gurib-Fakim ​​and Queen Diambi Kabatusuila Tshiyoyo Muata of the Kingdom of Kasaï in the DRC.

What do you think of the new pan-African framework to support virtual currency trading? Tell us your opinion in the comments!

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