The majority of African media companies do not promote Bitcoin and cryptocurrencies for fear of repercussions from their regulators, as well as bans and embargoes imposed by central banks.

SHAmory, a company that creates Bitcoin-themed fun games and books, is also a major player in Africa. The SHAmory family believes that there are no barriers for anyone in the world to use the Bitcoin network, and their mission is to bridge the generation gap. Their products are designed to teach children of all ages about Bitcoin and its features in a fun and engaging manner.

The lack of education is making Africa a ripe target for crypto scammers from all around the world. These crypto scams range from ponzi schemes promising to give lucrative returns to DeFi projects promising to deliver above-market returns on staked tokens and yield farming. This is eroding the element of trust which is required for wider adoption.

. Binance sponsored a 400-person program in Nigeria this year to educate students from the Federal University of Technology Minna. Binance claims that it has educated over 541,000 Africans about cryptocurrency.

The most significant impediment to Bitcoin adoption in many parts of Northern Africa is the existence of strict regulations prohibiting the use of cryptocurrencies, while others prohibit banks from dealing with crypto firms. According to a 2021 study by the Law Library of Congress, all use of private cryptocurrencies is prohibited in Egypt, Tunisia, and Algeria.