The Central African Republic is establishing a committee commissioned to develop the crypto law-Africa

The President of the Central African Republic (Tsar), Faustin-Archange Touadéra, said recently that his government had set up a 15-person committee that had the task of creating a comprehensive legal framework that regulates the use of cryptocurrencies. According to an official document of the car cabinet, the committee has already started its work and will keep the government up to date.

The ambitions of Car

The chairman of the Central African Republic (Zar), Faustin-Achange Touadéra, recently announced that his country has set up a committee that would probably design a bill to use cryptocurrencies. The committee, which is composed of 15 experts from various government ministries, is intended to create a legal framework that helps the Central African Republic to achieve its goal of becoming a globally recognized country that uses blockchain technology.

15 experts Issus de plusieurs ministères de Mon Governement Composent Le Comité Chargé d’élaborer Un Nouveau Project de Loi Plus Complete Sur L’Utilization of Crypto-Monnaies and D’Adrir à la RCA CETTOPUNITé Unique de Développement Économique & Technologique pic.twitter.com/bzts8hqxh3

-Faustin-Archange Touadéra (@fa_touadera) 20. January 2023

In a (n updated President Touadéra, the land of which was the first African state, the Bitcoin introduced via Twitter also Communiqué in which he outlined the vision of his country and the various government ministries, the experts sent to the committee.

"15 experts from several ministries of my government form the committee that is responsible for the development of a new, more comprehensive draft law to use cryptocurrencies and offers car this unique opportunity for economic and technological development," said President Touadéra recently in a tweet.

The recent statements by the car leader come only a few weeks after a team for his country's crypto token, known as Sango, has announced Coin's shift in the planned listing of the coin. As according to Bitcoin.com news was initiated by what the team describes as "current market conditions".

Before you are forced to delay the Coinder Touadéra government Coin. After a constitutional court, the offer suffered a bitter setback that the proposal to grant citizenship was illegal.

Terence Zimwara

Terence Zimwara is an award -winning journalist, author and writer from Zimbabwe. He wrote in detail about the economic problems of some African countries and how digital currencies Africans can offer an escape route.

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