Cryptocurrency companies operating in Ethiopia need to apply for registration with the country’s cybersecurity agency, the Information Cyber Security Authority (INSA).
The agency said it will take legal action against crypto companies that fail to comply with its registration requirements.
Ethiopia’s cybersecurity agency, the Information Cyber Security Authority (INSA), has started offering registration services for crypto companies operating in the country, thanks to a newly revised law.
The revised law will also give INSA the power to regulate crypto products and related transactions. In addition, INSA will be responsible for developing operational procedures as well as cryptographic infrastructure.