Cryptocurrency intermediation in Africa: towards a regulatory framework for cryptocurrency intermediaries

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dc.contributor.advisorWandrag, Riekie
dc.contributor.authorGomachas, Roswitha Mildred Melina
dc.date.accessioned2019-05-23T14:05:44Z
dc.date.accessioned2024-06-05T07:51:44Z
dc.date.available2019-05-23T14:05:44Z
dc.date.available2024-06-05T07:51:44Z
dc.date.issued2019
dc.descriptionMagister Legum - LLMen_US
dc.description.abstractThere is a lot of speculation regarding potential benefits that the adoption of cryptocurrency use and cryptocurrency intermediation may have for the African continent due to the macro-economic instability of African financial markets caused by hyperinflation; high rate of unbanked populations; and the need for an alternative currency to the weak; and sometimes unavailable and unreliable African fiat money. Preiss notes that the intangible nature of cryptocurrency means that governments have no access to such cryptocurrency and cannot physically remove wealth from the citizens. He further notes that cryptocurrency not only provides a solution to the unbanked but is also a method of allowing economically and politically subjugated populations to control their wealth. Cryptocurrency intermediation in the form of cryptocurrency remittance services have been established in Africa as an alternative to Western Union, MoneyGram and many others. Examples include cryptocurrency remittance and transfer services provided by cryptocurrency-based intermediaries, which are third parties facilitating cryptocurrency related transactions, and in some cases provide storage of cryptocurrency to their users. In Africa, examples of such cryptocurrency-based intermediaries include, such as BTCGhana; BitPesa and Belfrics.en_US
dc.identifier.urihttps://hdl.handle.net/10566/16006
dc.language.isoenen_US
dc.publisherUniversity of the Western Capeen_US
dc.rights.holderUniversity of the Western Capeen_US
dc.subjectCryptocurrencyen_US
dc.subjectFinancial regulationen_US
dc.subjectSouth Africaen_US
dc.subjectKenyaen_US
dc.subjectNigeriaen_US
dc.titleCryptocurrency intermediation in Africa: towards a regulatory framework for cryptocurrency intermediariesen_US

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