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Regulatory sandboxes and innovation hubs: Evaluating cryptocurrency governance in Sub-Saharan Africa

Author

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  • Tshilidzi Eric Nenzhelele

    (University of South Africa)

  • Murembiwa Justice Mashau

    (University of South Africa)

Abstract

This study evaluates Sub-Saharan African bitcoin governance models using regulatory sandboxes. 180 relevant studies were synthesised using PRISMA (2021–2025). The discovery, screening, eligibility, and inclusion phases of the research identified noteworthy trends and findings. Analysing study findings into prominent patterns and key themes deepens this investigation. Sandboxes in South Africa, Nigeria, Kenya, and Ghana provide controlled testing of blockchain ideas but suffer regulatory fragmentation, algorithmic prejudice, and monopolistic behaviour. Governance hurdles and diffusion dynamics are examined using TOE and DOI frameworks. It presents inclusive, adaptive, and internationally aligned sandbox governance rules. The article offers evidence-based ways to balance innovation, financial stability, and consumer protection to inform legislation. Key Words:Blockchain; Cryptocurrency; financial institutions; Governance; Innovation; Regulatory sandbox; Technology

Suggested Citation

  • Tshilidzi Eric Nenzhelele & Murembiwa Justice Mashau, 2025. "Regulatory sandboxes and innovation hubs: Evaluating cryptocurrency governance in Sub-Saharan Africa," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 7(6), pages 303-329, December.
    • Handle: RePEc:adi:ijbess:v:7:y:2025:i:6:p:303-329
    DOI: 10.36096/ijbes.v7i6.1012
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