Hi @Stevegee thank you for your support and for reaching out. At the moment Regulators in the African continent are still trying to get to grips with Blockchain technology, digital asset and how it will impact sovereign nations and their economies within the region. I know that the Republic of South Africa has recently (about a month ago) implemented a bill that now recognizes Cryptocurrency as a financial asset meaning that these are now recognized as assets of monetary value. That beign said, ceteris paribus, many more economies within the region will begin to follow suite because South Africa is one of the more mature economies in Africa and many states usually follow in the footsteps of South Africa when it comes to financial policy.
Further to that, what we hope to establish and gain is the First Mover Advantage, ultimately, when more states move to include cryptocurrency into their regulated economies and introduce CBDC’s we would like to be in the position to readily offer our technology/provide guidance to Central Banks on how local stablecoin can be integrated. Hopefully by that time, our POC is much more mature and we have more experience dealing with this especially from a regulatory point of view.
I hope I answered your question @Stevegee.