Description

An overview of the legal and consumer protection challenges surrounding crypto-currency use in Ethiopia, highlighting the risks users face in an unregulated digital financial landscape.

This short article explores the emerging issues of crypto-currency use in Ethiopia, focusing on the gaps in legal recognition, consumer protection, and financial regulation. While crypto offers innovative benefits, Ethiopian users face high risks due to the absence of regulatory oversight, legal safeguards, and refund mechanisms. With no clear authority responsible for handling disputes or fraud, crypto transactions remain vulnerable. The article also compares traditional banking protections with the decentralized nature of crypto platforms, urging users to be cautious before engaging in digital asset transactions within Ethiopia’s current legal framework.