Legal Uncertainties Pose Challenges for Web3 Growth in Africa

A developer from the Web3 rollup protocol Cartesi, highlights the significant barrier of legal and regulatory uncertainty in Africa’s Web3 sector. According to the developer, the absence of clear regulations creates fear and concern among potential users and investors. Despite Africa’s potential for Web3 adoption, he emphasizes the need for crypto literacy and infrastructure upgrades to overcome barriers and facilitate rapid modernization. Africa has seen a surge in blockchain financing, with Kenya, Nigeria, and South Africa leading the way, but challenges such as lack of education and access to information persist. They believes that addressing these issues will be crucial for successful Web3 integration in Africa. (Source: Cointurk)