Cameroon counts 900,000+ crypto users, 11th largest population in Africa – Study

Cameroon counts almost 900,000 cryptocurrency users, representing 6.76% of its active population. The figure is contained in a study on the development of cryptocurrency and Ponzi schemes in the country, presented in Yaounde, last August 24. This makes Cameroon the 11th African country with the most cryptocurrency users, Nigeria being the first with 22.33 million users. In Cameroon, the number of cryptocurrency users has risen sharply since the Covid-19 crisis because cryptocurrency transactions are carried out online, explains Eric Pokem, deputy director of foreign exchange and transfers at the Ministry of Finance’s (Minfi) Directorate of Financial and Monetary Cooperation (DCFM).…