Africa emerges as the third-fastest-growing crypto region while facing increased vulnerability to digital scams
Tether has joined forces with the United Nations Office on Drugs and Crime to strengthen cybersecurity across Africa’s growing digital economy.
The collaboration aims to protect citizens from cryptocurrency scams while promoting financial transparency through blockchain technology and educational programs targeting vulnerable communities.
Africa ranks as the third-fastest-growing cryptocurrency region globally. However, this rapid expansion has exposed the continent to increasing digital asset fraud.
Recent Interpol operations discovered $260 million in illicit funds across African nations. This finding reveals the urgent need for robust cybersecurity measures.
The partnership between Tether and UNODC supports the Strategic Vision for Africa 2030. This framework focuses on enhancing economic resilience through emerging technologies.
The initiative spans multiple countries, including Senegal, Nigeria, DRC, Malawi, Ethiopia, and Uganda. Each location receives tailored support based on specific regional challenges.
Tether CEO Paolo Ardoino emphasized the importance of cross-sector cooperation in addressing these challenges. “Supporting victims of human trafficking and helping prevent exploitation requires coordinated action across sectors,” Ardoino stated.
He explained that the collaboration with UNODC backs initiatives combining innovation and education. These tools help create safer opportunities for vulnerable populations while empowering communities effectively.
The Senegal Project represents a cornerstone of this collaboration. The program offers cybersecurity education through a multi-phase approach.
Young participants gain access to virtual bootcamps and learning opportunities. The Plan B Foundation, created by Tether and the City of Lugano, provides specialized training sessions.
Students receive ongoing coaching and mentorship throughout the program. Micro-grants enable participants to develop their project ideas further.
This practical support helps transform education into actionable solutions. The approach ensures knowledge translates into real-world applications.
UNODC Regional Representative Sylvie Bertrand highlighted digital assets’ transformative potential for the continent.
“Digital assets are reshaping how the world engages with money and play a vital role in unlocking Africa’s development potential,” Bertrand noted. She expressed enthusiasm about the tripartite partnership bringing together the UN, the private sector, and Senegalese authorities.
This collaboration advances digital inclusion while strengthening youth employability and promoting a secure digital ecosystem.
Meanwhile, projects in Papua New Guinea work with local universities to raise awareness about financial inclusion. Student competitions incentivize blockchain solutions for crime prevention.
