4th Annual IBA Asset Recovery Conference - Overreach in asset recovery: who guards the guards? Where states, courts, lawyers and investigators encroach on the Rule of Law
2 Dec - 4 Dec 2026
Session information
Session nine: Crypto currency trends in Africa, a Central Bank view
Friday 4 December (1015 - 1115)
Description
In Sub-Saharan Africa, crypto (and especially Stablecoin) serves a crucial function in cross-border payments, savings, and small business commerce. Whilst Stablecoin 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.