3rd Annual IBA Asset Recovery Conference

3 Dec - 5 Dec 2025

Session information

Crypto development in Africa

Description

Crypto development is advanced in Sub-Saharan Africa due to high mobile penetration, a young demographic, currency volatility and high remittance costs, which create a need for digital asset solutions for saving, payments, and commerce. In Sub-Saharan Africa, crypto (and especially Stablecoin) serve a crucial function in cross-border payments, savings, and small business commerce. Whilst Stable Coin is growing in use in Africa for private transactions, governments are simultaneously exploring their own digital currencies and payment infrastructure upgrades as part of a broader modernisation trend. Central banks in several African countries have considered or piloted central bank digital currencies (CBDCs) to enhance financial inclusion and monetary sovereignty. This session takes an in-depth look at Sub-Saharan Africa with an eye to future growth.