Yellow Card CEO: U.S. Crypto Policies to Inspire Regulatory Changes in Africa
Chris Maurice, CEO of Yellow Card, predicts that the recent shift toward crypto-friendly policies in the United States will encourage African regulators to follow suit and implement their own regulations for the growing digital asset sector. Maurice believes that the evolving attitude of both regulators and traditional financial institutions is providing new confidence in the future of crypto across Africa.
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Maurice’s comments come shortly after U.S. President Donald Trump signed an executive order (EO) aimed at strengthening America’s position in digital asset innovation. The EO mandates that U.S. agencies reassess existing regulations related to cryptocurrencies and propose updates within 60 days. This development, alongside the U.S. Securities and Exchange Commission’s (SEC) announcement of a cryptocurrency task force, signals a clearer regulatory framework for the industry.
Maurice noted that African regulators often look to the U.S. for guidance on crypto policy, and he believes that as the U.S. leads the way, African nations will follow suit. He also highlighted a significant shift in sentiment among African banks, which have recently shown increasing interest in the crypto space—an attitude he attributes to the “Trump effect.”
“We’re seeing banks and financial institutions reach out to us, eager to learn how they can enter the crypto market. Just a few months ago, they weren’t interested, but now they’re calling us for discussions,” Maurice said.
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In addition, Maurice expressed optimism about the future of his platform in Nigeria. He hopes Yellow Card will gain approval to operate from Nigeria’s securities regulator, especially as the country has begun granting licenses to local exchanges like Busha and Quidax. The Nigerian securities commission plans to issue more licenses in 2025, which could pave the way for further crypto adoption in the region.
Maurice also pointed out that the growing use of stablecoins in Africa, combined with global crypto trends, will further solidify the continent’s leadership in the digital asset space.
