A crypto-friendly status is given to the country which starts working actively on the legality of cryptocurrency in their country or has completed the task of making it legal. Many countries in Africa have got the status of crypto-friendly countries due to their efforts for digital currency. African countries are one of the top countries known for using bitcoins.

There are a total of 54 countries in Africa and most of them are working towards the legality of digital currency that makes Africa a crypto-friendly region. Let's take a look at some of the countries to draw a clear picture:

Kenya

Kenya has made the use of bitcoins legal in their country where platforms like bitcoin rush are commonly used to trade cryptocurrency. However, the central bank of Kenya and other government representatives warn the people about the disadvantages of bitcoins from time to time.

The Kenyan authorities passed a statement that they are not prohibiting the use of cryptocurrency in their country because they want to be open to innovation. The use of bitcoin is increasing continuously because more businesses are accepting digital currency and use it as a form of payment. Bitcoin ATMs are being established in the streets of Kenya and a number of exchanges are opened.

Tunisia

The word 'crypto pioneer' fits exactly for Tunisia that became the first country to decide to transfer state electronic country i.e., eDinar on blockchains. Tunisia's law regulation authorities have been reluctant to accept digital currency at first and there were fairly few exchanges available in the country.

However, there are a number of foreign exchanges and the country has shown a huge amount of interests in the digital currency that makes it a crypto-friendly country. The central bank of Tunisia set up a committee in 2017 to take a close look at the cryptocurrency to decide its level of legality in the country.

South Africa Region

This region has a high popularity of bitcoin and there is huge acceptance and demand for bitcoins by the Africans. In other words, South African countries are taking a lead in the acceptance of virtual cryptocurrencies.

Botswana and South Africa have their own Bitcoin ATMs and the interest in cryptocurrencies from these two countries amplifies every day.  At present, this region of Africa has the most number of bitcoin ATMs.

Here are the most crypto-friendly countries of South Africa:

South Africa

The South African Reserve Bank (SARB) regulates the use of cryptocurrency in the market. A special commission was also created to view the various aspects of this dynamic market. SARB has announced its cooperation with the blockchain start-up and the transactions with cryptocurrencies are not restricted in any way.

Thus, South Africa is the hub of cryptocurrency as it has the highest number of bitcoin possessing. Luno is also a popular cryptocurrency in this country that is used by a lot of people for trading and investing.

Botswana

Here is another South African country that is popular because of its use of bitcoin. Bitcoin along with other virtual currencies are becoming more popular in this country with every passing day. Much advancement has been observed in this country related to the use of crypto. In 2017, a clinic was opened which accepted bitcoin payments for treating patients. Many Bitcoin ATMs are also located in this country.

Conclusion:

Blockchain technology and the use of cryptocurrency are gaining their stance in Africa. While the common population is adapting the digital currency smoothly, the government and financial authorities are still showing a little resistance. However, in many African countries, this resistance has vanished now and trends show that soon other African countries will also welcome the innovative technology.