Central African Republic is the Latest Country to Embrace Crypto
Days after a Central African Republic official introduced a measure to legalize the decentralized digital currency, Finance Minister Herve Ndoba said the legislation would facilitate the use of cryptocurrencies in the nation’s economy, Bloomberg reported Tuesday (April 26).
The measure, introduced by Justin Gourna Zacko, the minister of digital economy, post and telecommunications, is expected to provide a favorable environment for growth in the crypto sector, he said.The Central African Republic has begun creating a legal framework to regulate the use of cryptocurrencies, Ndoba said.Last week, lawmakers enacted a proposal that would create a regulatory body to oversee digital currencies, he added.
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