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South Africa classifies crypto as a financial product

RT Published November 5, 2022

Africa continues to move towards a crypto future, with a South African supermarket chain now allowing payments in bitcoin. Meanwhile, retail transfers made up 80% of transactions below $1,000 over the past year on crypto exchanges in Sub-Saharan Africa. Oluwasseun Adeyanju, blockchain and crypto researcher from Nigeria, tells RT that Africans see the crypto market as the primary way to build wealth and preserve their savings.

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