African Central Banks have been urged by the IMF to strengthen regulatory monitoring of cryptocurrency assets.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The International Monetary Fund (IMF) has called on African Central Banks to enhance regulatory oversight of cryptocurrency assets, warning of mounting financial risks associated with the rapidly evolving digital asset ecosystem.

In its April 2025 Regional Economic Outlook report, the Fund noted that high inflation, exchange rate volatility, and a surge in crypto prices have created strong incentives for crypto adoption in sub-Saharan Africa.

While acknowledging the potential benefits of cryptocurrencies in supporting financial innovations—such as smart contracts, tokenization, and decentralized finance—the IMF cautioned that these developments also carry significant risks.

Source: newsthemegh.com