Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill

January 26, 2023 Bitcoin.com

Africa

The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a comprehensive legal framework that governs the use of cryptocurrencies. According to an official document issued by the CAR cabinet, the committee has already started its work and will regularly update the government. CAR’s Ambitions […]

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Central Africa Republic’s Bitcoin Adoption: The Real Work Must Start Now

May 23, 2022 Bitcoin.com

bitcoin el salvador

The Central Africa Republic (CAR)’s surprise bitcoin adoption decision once again shows that the top cryptocurrency can be an alternative to fiat currency. However, the African country still needs to invest heavily in its telecommunications infrastructure. The CAR also needs to prioritize education that helps the population to familiarize itself with cryptocurrency basics. The CAR’s […]

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Report: Central African Banking Regulator Says Crypto Ban Still Effective

May 15, 2022 Bitcoin.com

Bank of Central African States

An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the […]

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Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise

May 13, 2022 Bitcoin.com

Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With Million Capital Raise

Alameda Research

The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser to the country’s president. Enhancing Africa’s Competitiveness An Africa-focused […]

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Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks

May 6, 2022 Bitcoin.com

bitcoin adoption

The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly […]

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Central African Republic Has Adopted Bitcoin as Reference Currency — Office of the Presidency

April 28, 2022 Bitcoin.com

Anthony Oduu

Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to […]

Central Africa Republic bitcoin