{"id":16907,"date":"2023-01-26T08:01:50","date_gmt":"2023-01-26T08:01:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/central-african-republic-sets-up-committee-tasked-with-drafting-crypto-bill-africa-bitcoin-news\/"},"modified":"2023-01-26T08:01:50","modified_gmt":"2023-01-26T08:01:50","slug":"central-african-republic-sets-up-committee-tasked-with-drafting-crypto-bill-africa-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/central-african-republic-sets-up-committee-tasked-with-drafting-crypto-bill-africa-bitcoin-news\/","title":{"rendered":"Central African Republic Sets Up Committee Tasked With Drafting Crypto Bill \u2013 Africa Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The Central African Republic (CAR) president, Faustin-Archange Touad\u00e9ra, 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. <\/strong><\/p>\n

CAR\u2019s Ambitions<\/h2>\n

The Central African Republic (CAR) leader, Faustin-Archange Touad\u00e9ra, recently revealed that his country has set up a committee that is expected to draft a bill on the use of cryptocurrencies. The committee, which is comprised of 15 experts drawn from various government ministries, is expected to create a legal framework that helps the CAR achieve its goal of becoming a globally recognized blockchain technology-embracing country.<\/p>\n

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15 experts #centrafricains<\/a> issus de plusieurs minist\u00e8res de mon gouvernement composent le comit\u00e9 charg\u00e9 d’\u00e9laborer un nouveau projet de loi plus complet sur l’utilisation des crypto-monnaies et d’offrir \u00e0 la RCA cette opportunit\u00e9 unique de d\u00e9veloppement \u00e9conomique & technologique pic.twitter.com\/bZTS8HQxH3<\/a><\/p>\n

\u2014 Faustin-Archange Touad\u00e9ra (@FA_Touadera) January 20, 2023<\/a><\/p>\n<\/blockquote>\n

In an update<\/a> issued via Twitter, President Touad\u00e9ra, whose country became the first African state to adopt bitcoin, also shared a communique outlining his country\u2019s vision as well as the various government ministries that have seconded experts to the committee.<\/p>\n

\u201c15 experts from several 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 & technological development,\u201d President Touad\u00e9ra said in a recent tweet.<\/p>\n

The CAR leader\u2019s latest remarks come just a few weeks after a team promoting his country\u2019s crypto token known as the sango coin announced the postponement of the scheduled listing of the coin. As reported<\/a> by Bitcoin.com News, the postponement was prompted by what the team called \u201ccurrent market conditions.\u201d<\/p>\n

Before being forced to delay the listing of the coin, the Touad\u00e9ra government\u2019s coin offering suffered a major setback after a constitutional court ruled<\/a> that the proposal to grant citizenship to sango coin holders was illegal.<\/p>\n

However, despite these setbacks, the CAR leader\u2019s government has vowed to proceed with its work. Meanwhile, in the communique, the CAR government said the committee is already at work and will regularly issue progress updates.<\/p>\n

Register your email here to get a weekly update on African news sent to your inbox:<\/em><\/p>\n

What are your thoughts on this story? Let us know what you think in the comments section below. <\/strong><\/em><\/p>\n

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\nTerence Zimwara <\/h6>\n

\nTerence Zimwara is a Zimbabwe award-winning journalist, author and writer. He has written extensively about the economic troubles of some African countries as well as how digital currencies can provide Africans with an escape route.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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