Share this article
Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Central African Republic Forms Committee to Draft Crypto Bill
The country, which made bitcoin legal tender in April, wants to pave way for broader crypto adoption.
The Central African Republic has formed a committee of experts from several government ministries to draft crypto legislation, President Faustin-Archange Touadera said in a tweet on Friday.
The departments involved include the Ministry of Mines and Geology; the Ministry of Water, Forests, Hunting and Fishing; and the Ministry of Agriculture and Rural Development, according to a press release attached to the tweet. The framework will allow cryptocurrencies to operate in the country, the release said.
STORY CONTINUES BELOW
The country wants to pave way for broader crypto adoption. Touadera described the technology as a "unique opportunity for economic & technological development," in his tweet. The Central African Republic made bitcoin legal tender in April, and plans to list its sango crypto coin on exchanges later this year.
Countries around the world are moving forward with establishing crypto legislation. The European Union is set to vote in April on a wide-ranging bill with a heavy focus on stablecoins, the Markets in Crypto Assets regulation. The U.K. is expected to publish a consultation in the coming weeks and U.S. Senators Elizabeth Warren (D-Mass.) and Roger Marshall (R-Kan.) recently introduced a crypto bill to crack down on money laundering.
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.
Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
More For You
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
Top Stories
