An ambitious move by a certain African country to promote Bitcoin and local crypto projects was initially aimed at creating a new path for financial inclusion. But what was the result? Things did not go as planned.

The latest analysis from international organizations points out that these measures not only failed to benefit ordinary people but instead became a "cash machine" for a small elite. Even more disheartening is the poor infrastructure—power shortages, low internet coverage, and almost zero regulatory framework—these inherent deficiencies have turned the crypto ecosystem into an entry point for external criminal networks.

Imagine: promoting the legalization of digital assets in an environment with unstable internet and intermittent power supply. This is not laying the foundation for financial inclusion but building castles in the desert. Without effective regulatory systems and infrastructure support, local crypto projects (such as some emerging tokens) have become tools for the wealthy to arbitrage, leaving ordinary people either unable to participate or getting exploited.

A deeper concern is that this open crypto market has become a "safe haven" for international scam groups and money laundering networks. Domestic criminals and transnational black-market forces are targeting this land of regulatory gaps and low technical barriers.

This case serves as a warning to Web3 practitioners: crypto innovation and financial inclusion cannot rely solely on concepts and visions. Infrastructure, regulatory coordination, and risk prevention are actually the key. Without these, crypto will also become synonymous with "scalping" and "money laundering."