Central African Republic (CAR) President Faustin-Archange Touadéra recently said that his government has established a 15-member committee tasked with creating a comprehensive legal framework governing the use of cryptocurrencies. According to an official document issued by the RCA cabinet, the committee has already started its work and will regularly update the government.
CAR ambitions
The leader of the Central African Republic (CAR), Faustin-Archange Touadéra, recently revealed that his country has established a committee that is expected to draft a bill on the use of cryptocurrencies. The committee, which is made up of 15 experts drawn from various government ministries, is expected to create a legal framework that will help the Central African Republic achieve its goal of becoming a globally recognized blockchain adopter.
15 experts #centralafricans from various ministries of my government make up the committee responsible for drafting a new, more comprehensive bill on the use of cryptocurrencies and offering CAR this unique opportunity for economic and technological development pic.twitter.com/bZTS8HQxH3
— Faustin-Archange Touadera (@FA_Touadera) January 20, 2023
in a to update Broadcast via Twitter, President Touadéra, whose country became the first African state to adopt bitcoin, also shared a statement outlining his country’s vision, as well as the various government ministries that have seconded experts to the committee.
“15 experts from various ministries of my government make up the committee responsible for drafting a new, more comprehensive bill on the use of cryptocurrencies and offering CAR this unique opportunity for economic and technological development,” President Touadéra said in a recent tweet. .
The CAR leader’s latest comments come just weeks after a team promoting his country’s crypto token known as the sango coin announced the postponement of the coin’s scheduled listing. As reported by Bitcoin.com News, the postponement was triggered by what the team called “current market conditions.”
Before being forced to delay listing the coin, the Touadéra government’s coin supply suffered a major setback after a constitutional court ruled that the proposal to grant sango coin holders citizenship was illegal.
Yet despite these setbacks, the RCA leader’s government has vowed to continue his work. Meanwhile, in the statement, the Central African Republic government said the committee is already working and will regularly post updates on progress.
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