Central African Republic Appoints Commission to Drafte Crypto Bill

Central African Republic (CAR) President Faustin Archanju Tuadera recently said that the government created a 15-member commission tasked with creating a comprehensive legal framework to govern the use of cryptocurrencies. Told. According to official documents issued by the CAR Cabinet, the commission has already started its work and will update the government regularly.

Ambition of CAR

Central African Republic (CAR) leader Faustin-Arshange Tuadera recently revealed that his country has set up a commission to draft legislation on the use of cryptocurrencies. A committee of 15 experts drawn from various government ministries created a legal framework that will help CAR achieve its goal of becoming a globally recognized blockchain technology embracing nation. is expected to

15 professionals #centrafricains issus de plusieurs ministères de mon gouvernement composent le comité chargé d’élaborer un nouveau projet de loi plus complet sur l’utilisation des crypto-monnaies et d’offrir à la RCA cette opportunité unique de développement économique & technologique pic.twitter.com/bZTS8HQxH3

— Faustin-Archange Touadéra (@FA_Touadera) January 20, 2023

so update President Tuadera, who became the first country in Africa to adopt Bitcoin, shared a communiqué outlining his country’s vision and the various government departments that have seconded experts to the commission.

In a recent tweet, President Tuadera said, “Fifteen experts from several ministries of my government have drafted a new, more comprehensive bill on the use of cryptocurrencies, giving CAR a boost in economic and technological development. constitute a committee responsible for providing this unique opportunity for

The CAR leader’s latest remarks come just weeks after the team promoting his country’s crypto token, known as Coralcoin, announced the postponement of the coin’s planned listing. The postponement was caused by what the team called “current market conditions,” as reported by .com News.

After a constitutional court ruled that the proposal to grant citizenship to coral coin holders was illegal, the Tuadella government’s coin offering suffered a major setback before being forced to delay the listing of the coin. I was.

However, despite these setbacks, the government of the Central African Republic’s leadership has vowed to move forward with its work. It said it would issue an update on its progress.

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Terrence Jimwala

Terence Zimwara is an award-winning journalist, author and writer from Zimbabwe. He has written extensively on the economic problems of several African countries and how digital currencies can provide an escape route for Africans.