How Governments can address the downside of cryptocurrency to advance financial inclusion in East Africa

In our first policy brief we explored and untangled the socio-economic and macroeconomic risks associated with Crypto currencies. We concluded that the skepticisms and scrutiny of crypto currency is well deserved but noted that the underlying
technology behind it could be used to drive future monetary policy and financial inclusion. In this second part of our digital economic governance and monetary policy analytical brief series, we explore how governments can or may navigate around these latent risks to formalize and make cryptocurrencies safe and vehicle towards inclusive digital and financial economies. We suggest that regulation is required instead of total bans which are difficult to enforce and could be denying governments potential dividends. Most cryptoprenuers in EA just want regulation.

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