Do Africa’s cryptocurrency investors need a reality check?

The cryptocurrency space in Africa is growing, fueled by the rollout of new offerings, advent of Bitcoin and the lure of ROI – but it isn’t for those who expect regulation, protection from government or consumer bodies.

This is according to Richard de Sousa, partner at South African exchange AltcoinTrader, which claims to be “the only true organically grown South African exchange” and one of the oldest cryptocurrency brands in the country (established in 2015).

Speaking to ITWeb Africa soon after the company added another cryptocurrency Cardano (ADA) to its portfolio, de Sousa said cryptocurrency is an unregulated market at this stage, but this will change in the years to come.

“The key thing here is personal responsibility and counterbility … personal responsibility becoming the new counter culture. The cryptocurrency space is not for people who are reliant on governments, expecting to be protected by government and consumer protection plans. It is more for free thinkers,…