🌍 Navigating Regulatory Waves: Web3 Faces Challenges in Africa's Digital Landscape

🌍 Navigating Regulatory Waves: Web3 Faces Challenges in Africa's Digital Landscape

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#legal
Unleashing the full potential of Web3 in Africa encounters regulatory uncertainties, hindering progress. Cartesi's advocate underscores the need for clearer regulations, improved digital literacy, and infrastructure upgrades. Can Africa overcome these hurdles and embrace the transformative power of decentralized technologies? 🚀💻

Jathin Jagannath, Cartesi's developer advocate, highlights regulatory ambiguity as a major obstacle to Web3 adoption in Africa. Despite a 1,668% increase in blockchain funding in 2022, a lack of education and accessibility to knowledge poses challenges. Collaboration between Cartesi and Web3bridge aims to address these issues, with a focus on boosting visibility and enhancing developers' skills. Africa's potential Web3 boom in 2024 faces hurdles, but with regulatory clarity and improved digital literacy, transformative changes may reshape the continent's interaction with financial systems. 

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