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In most African countries cryptocurrencies are allowed

EcoBank, based in Togo, published a study about the attitude of the authorities of various African countries to cryptocurrencies.

The main conclusion is that almost everywhere on the African continent, with the exception of Namibia, there is a ban not only on the purchase and sale of cryptocurrencies, but also on their use as an alternative means of payment.

In Nigeria, the most populous country in Africa, cryptocurrencies are not only allowed, but their circulation is regulated and taxes are collected from such operations.

A similar situation with the regulation develops in South Africa and Swaziland: here the authorities strongly encourage the development of cryptocurrency business.

In other countries, the government authorities take a wait-and-see position, without interfering with the development of the cryptocurrency market.

As a result, 36 countries of the continent have recently recorded an increase in purchases of crypto-coins.

🖥 https://buzcoin.io/

Source: https://www.facebook.com/366805253813711/photos/a.369655846861985/441249153035987/?type=3&theater

It is very great to hear news like this in crypto-space, we are moving forward for a better future using cryptocurrency and blockchain technology. Buzcoin will take a big part of this changes soon after the ICO ends and Buzard marketplace will be one of the most used apps for online buy/sell products.

well africa is a cryptocontinent where most of the countries are hopping in the latest trend in blockchain technology. buzcoin is not limited in russia so africa be ready for the most awaited project of the year!

They made the right decision because it will have a very big impact on their country and it will improve a lot of it especially their financial system which will a more growth on their country and will be a very big help to all of people living on their country.

Thank you for your support!

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