According to Binance's Head of Compliance, Samukele Mkhize, robust Anti-Money Laundering (AML) and cybersecurity frameworks are crucial for the future of cryptocurrency in Africa due to increasing digital asset adoption and associated risks like money laundering and cybercrime. These frameworks, along with public-private collaborations, are essential for fostering trust and ensuring financial inclusion across the continent.

• Effective AML enforcement is an economic imperative in Africa, where illicit financial flows cost economies tens of billions of dollars annually.
• Operations like INTERPOL's "Operation Serengeti 2.0" led to the arrest of 1,209 cybercriminals, dismantled 11,432 malicious infrastructures, and recovered $97.4 million across Africa, with Binance providing threat intelligence and investigative support.
• Operation Catalyst, involving INTERPOL and AFRIPOL across six African countries, resulted in 83 arrests and the discovery of approximately $260 million in fiat and cryptocurrency assets linked to terrorism financing, with Binance contributing strategic intelligence.