Crypto Boom Exposes Africa Cyber Risk
- Africa recorded USD $205 billion in on-chain transactions between July 2024 and June 2025, becoming the world's third-fastest-growing crypto market.
- The continent loses an estimated USD $88.6 billion annually to illegal financial flows, with crypto-related scams on the rise.
- Governments are strengthening anti-money laundering frameworks to combat rising cyber threats in the cryptocurrency space.
The rapid evolution of cryptocurrency in Africa presents both opportunities and challenges. While it can drive financial inclusion, the rising cyber threats necessitate a balanced approach to regulation and security. Policymakers must prioritize robust cybersecurity measures that do not hinder access to digital finance for the unbanked.
