Nevertheless, the speed of developments in the crypto eco-system, including the recent market turmoil, has given us all the more reason to develop an appropriate and globally consistent regulatory framework. Catching up with the rapidly changing environment is therefore our highest priority. A catch-up that strengthens the stability of the financial system.
This is achieved through sharing of experiences, research and technical support. So far, four leading African financial centres, Cairo, Casablanca, Lagos and Nairobi have joined the network. A regional programme will be launched in Geneva, through which African centres can leverage on global knowledge to scale up sustainable finance in their respective jurisdictions.