Ethiopia tells crypto firms to register with cyber security agency

National Bank of Ethiopia had said transactions using crypto are illegal

Addis Ababa
Photo: Ninaras/Wikimedia

Ethiopia has begun registering crypto firms with its national cyber security agency, after the central bank said that cryptocurrencies are illegal earlier this year. 

The Information Network Security Administration (INSA) stated on August 24 that “individuals and entities” involved in “crypto operations” must register with the authority within 10 days. 

The “urgent notice” comes after parliament amended INSA’s mandate to “regulate and control cryptographic products and their transactions”. 


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account