CAR’s crypto adoption upsets regional bloc’s monetary accord

The latest MoU forms part of the broader Central African Backbone (CAB) project.

Authorities are said to be keen to have a clear, operational and strategic understanding of cryptocurrency operations.

Member states of the Central African Economic and Monetary Community pen bilateral agreements.

Bank of Central African States (BEAC) cited a report on the state of electronic payment services in Central African Economic and Monetary Community.

Ministry of Finance report highlights lack of a legal framework on the digital currency and anonymity of users as key risks.

Bank of Central African States emphasises that subscriber airtime can only be deducted for communications and data subscription.

Bank of Central African States confirms development.

Bank of Central African States issues fresh directive to facilitate full telco, commercial bank interaction.

Interlink at Libreville, with planned construction of national datacentre

Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea and Gabon look to cut interconnection rates.

Company is the first mobile operator within CEMAC to secure the certification.