Digital assets have potentials to expand opportunities and improve outcomes for African people and businesses. They also embody risks to users, challenges to regulators and vulnerabilities for the broader financial system. Fragmented regulation across the continent limits the capability of regulators to respond to threats and vulnerabilities and limits options for businesses and users. A network of regulators would increase regulatory capacity and resources, support the development of a harmonized framework, and provide regulators a comprehensive view of the landscape for more effectively regulating digital assets to promote innovation within safe guardrails.