VASPA targets $92.1bn virtual asset flow into formal economy

Pan‑African industry group VASPA aims to channel about $92 billion of annual virtual‑asset transactions into the formal economy, linking the volatile digital‑asset market with regulated financial systems. If successful, the move could broaden tax bases, attract investment and bring greater regulatory oversight

Pan-African industry association, the Virtual Asset Service Providers Association, VASPA, has concluded plans to integrate an estimated $92.1 billion in annual virtual asset volume into the country’s formal economy. VASPA said to achieve this, it will bridge the gap between the chaotic liquidity of global digital assets and the structured requirements of the country through […] The post VASPA targets $92.1bn virtual asset flow into formal economy appeared first on Vanguard News.