Angola’s National Assembly approves crypto law to safeguard “monetary sovereignty”

The Angolan National Assembly recently approved legislation aimed at addressing the environmental impact of cryptocurrency mining and maintaining the country's "monetary sovereignty." The purpose of this legislation is to prevent bad actors from using cryptocurrency for money laundering and to curb illegal activities. In addition, since crypto assets are not under the supervision of the National Bank of Angola, this law ensures that Angolan users have a legal recourse to seek redress in the event of disputes related to digital currencies.