Ethiopia’s Crypto Contradiction: Regulating What It Banned
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In a move that’s either bold or baffling, Ethiopia is drafting crypto regulations—while keeping its ban firmly in place. Talk about having your cake and refusing to eat it too.
Regulation vs. Prohibition: The Great Crypto Paradox
Addis Ababa’s policymakers seem to be hedging their bets. Why craft rules for an asset class you’ve outlawed? Perhaps they’ve noticed neighboring countries cashing in on digital assets while their own citizens bypass restrictions via VPNs and P2P networks.
The Finance Jab
Classic government playbook: Ban first, think later—especially when there’s tax revenue or control at stake. Meanwhile, Ethiopians trading crypto OTC just shrug and keep stacking sats.
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