Overall, Sub-Saharan Africa received $117.1 billion in crypto value between July 2022 and June 2023, according to data from blockchain analytics firm Chainalysis.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
While some countries recorded improved inflation figures, the cost of living across the continent remains prohibitively high.
He faces up to 10 years in prison for illegally advocating for and taking investments in BITSEC
Further contractions in consumer prices suggest that central banks’ tactics to curb inflation are productive.
African consumers are beginning to see steadier prices as 2022 nears its end, according to the latest inflation figures.
More than half of the surveyed central banks said the ability to provide cash in a digital form was the leading consideration for exploring CBDC.