In the Africa Report with Crystal Odison.

Catch up now with stories from the rest of the continent, you need to pay some attention to Crystal.

Let's start in Ghana, shall we.

We're seeing there the central Bank taking steps to regulate the cryptocurrency industry in that kandry.

What are they doing?

Are they licensing platforms?

But first, in terms of context, believe it or not, between twenty twenty two and twenty twenty three, Sub Saharan Africa, it actually had the region with the highest amount of coin transactions.

We're looking at more than North America nine point three percent.

And so, of course, with governments trying to look at how to close the loopholes, Ghana is now saying their central bank plans to license cryptocurrency platforms to capture the digital asset transactions in the formal economy.

So the bank now says they finalizing their regulatory framework that will guide how exactly banks people and of course the Central Bank will do these transactions.

And they said that the proposed law will of course help the West African country to boost cross border trade, attract investments and of course collect financial details and taxes to the fiscus that they desperately need.

So we see, according to analysis from Garner, between July twenty twenty three and June twenty twenty four, transactions on the bitcoin sort of global platform stood at around three billion dollars, so you can imagine it's quite just for that short period all this money that was raised.

So what the bank is saying they only want registered exchange providers that will be allowed to operate and they will also be required to maintain a minimal capital threshold and of course more importantly to report any suspicious transactions.

Sagana is following in the steps of Nigeria and South Africa, who of course have taken steps also towards regulating those digital assets.

We still let's talk so done now what a twenty seven month civil war has claimed one hundred and fifty thousand lives and.

The humanitarian catastrophe is unbelievable and it's not stopped Bongana, it's still ongoing.

But now a coalition led by the paramilitary group the RSF, who has being party to this conflict has now basically announced it self declared parallel government, which of course is just really not good.

So the ris IF says they have established this Council of fifty men, the council, which of course will be led by the military leader, General Remedy, and he will lead this presidential Council.

And they pledged to build democracy and decentralized and they promise Sudan that this is based on freedom, justice and equality.

Now, this is really not good news for the country, Pungani, because how can you have a parallel state within already a failed state, within a country that is at war, within a country where people are displaced, people are being killed on a daily basis.

And so again some analysts point out the RS effort is doing this that because talks are going to happen in Washington in the coming weeks, they're already pre empty and basically putting their hand on the table to say we've got a parallel government, we need to have a share of the country.

And I mean, the kind of consequences of this, Bonghani is it's unimaginable, because are you going to see the country being cut up?

What's going to happen even if they don't have peace.

So this move by the RS is clearly calculating for their own benefits.

Thank you Chrystal Ordison with this morning's Africa Report,