Africa Stablecoin Myths vs Reality: 20-Country Field Guide

Africa stablecoin dey face unique challenge for 54 different markets dem. One PANews field report wey base on visit to 20 countries and talk with pass 100 banks and regulators clear four main myths wey concern demand, licensing, how banks dey cooperate, plus how dem dey operate from far. Di guide show say regulatory rules dey different region to region: di operational VASP license dem dey South Africa, Mauritius, and Seychelles; some gray areas like Nigeria; and some still for draft for Kenya, Rwanda, and Ghana. E stress say compliance for foreign exchange, strict KYC/AML, plus clear bank aligned reporting na very important for Africa stablecoin matter dem. Practical advice na to prepare short central bank briefs, reduce di pilot scope, build audit-ready reporting tools, and make local partnerships through embassies and trade offices. Success go depend on how compliance design, how e suit local condition, plus how e go align with monetary policy goals, dem dey focus on regulated cross-border value flows and no be retail crypto speculation.