2 entries.
At its 17 to 19 June plenary in Paris, the last under the Mexican presidency, the FATF removed Algeria and Namibia from the list of Jurisdictions Under Increased Monitoring and added Iraq and Bosnia and Herzegovina, leaving 22 jurisdictions on the grey list. Kenya was not among the exits: it remains under increased monitoring while it completes its action plan, which matters directly for the VASP licensing regime it is finalising, since Travel Rule implementation under the draft VASP Regulations (cpm-2026-0002) is part of Kenya's case for delisting. With South Africa out in May (cpm-2026-0007) and now Algeria and Namibia following, African delistings are becoming a pattern rather than an exception. Six African jurisdictions remain on the list.
Ripple's April 2026 analysis groups eight African jurisdictions by regulatory maturity: South Africa, Nigeria and Kenya leading; Ghana, Botswana and Ethiopia flagged as the next wave with compliance rollout through 2026; Mauritius grouped with the leaders. The framing, adoption metrics giving way to infrastructure reliability and operational trust, is corporate research with an agenda. Ripple is positioning itself as a partner to African regulators, which is precisely why the report is useful: it shows where a major industry player expects licensing regimes to be bankable. Notable omission: Senegal and the UEMOA bloc, whose BCEAO questionnaire suggests the map is already out of date.
The Monitor, by email
A weekly, purely legal read on digital-asset regulation across the Global South:
statutes, licensing regimes, enforcement. No prices, no projects, no trading.
Your address is stored to send you the Monitor, nothing else, and never shared with our other publications' lists. Unsubscribe any time. Privacy. This site itself sets no cookies.