[FFNEWS] Africa’s Crypto Market Matures: Fraud Rates Drop by 28% – New Sumsub Report

Crypto platforms across Africa are rapidly improving identity verification performance as the industry moves toward stricter regulation and stronger fraud prevention.

These findings are based on Sumsub, a leading full-cycle verification platform that enables scalable compliance, which today released its fourth annual State of the Crypto Industry report*. The new research reveals how crypto companies are balancing fraud prevention, regulatory pressure, and user experience as they scale in 2026. This report draws on Sumsub’s internal data from 2024–2025 and insights from 300 crypto companies surveyed outside Sumsub’s customer base.