Report: The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations

Report: The Central African Republic Requests Regional Central Bank’s Assistance in Crafting Crypto Regulations


A new report has claimed the Central African Republic, which became the first country in Africa to make bitcoin legal tender, recently requested the regional central bank’s assistance in developing a cryptocurrency regulatory framework. The report also said the CAR had expressed its “commitment to the single currency and respect for the statutes of the Bank of Central African States.”

Developing a Crypto Regulatory Framework

After initially clashing with the Central African Republic (CAR) over its decision to make bitcoin legal tender, the Bank of Central African States (BCAS) recently claimed it had received a request for assistance in developing the “regulatory framework governing crypto assets” from the government in Bangui. In a statement, the BCAS revealed the CAR had reiterated its commitment to the

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