As a result, more banks have come on the market and are willing to serve the rural and semi-urban communities owing to the ever improving rural infrastructure and conducive fiscal policies. Statistics indicate that nearly a very large population of Malawi remains un-banked. It is therefore commendable to note that MSB has identified itself with the rural communities for a very long time.
As noted by Chainalysis, this figure is expected to rise as more addresses associated with illicit activity are identified over time. For instance, the share of crypto-asset transactions in 2020 identified as involving illicit addresses was initially estimated at 0.34% in their 2021 Report, but was subsequently revised to 0.62% in the 2022 Report. 5.