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Cameroon organizes workshop for the investigation of challenges and risks when using cryptocurrencies - Emerging Markets
The government in Cameroon, which is reported to regulate cryptocurrencies, will hold a workshop that deals with the challenges and risks of using such digital currencies in the country. The Workshop, which is due to take place in Yaoound on November 15, is organized by the Ministry of Post and Telecommunications according to A Test Report by Business in Cameroon. At this meeting, the participants are expected to check mechanisms that help the government regulate the cryptocurrency sector. The ministry said that the country's lack of regulatory framework that led to the spread of frauds, the government prompted ...
Cameroon organizes workshop for the investigation of challenges and risks when using cryptocurrencies - Emerging Markets
The government in Cameroon, which is reported to regulate cryptocurrencies, will hold a workshop that deals with the challenges and risks of using such digital currencies in the country.
spread of fraud
The Ministry said that the country's lack of regulatory framework that led to the spread of fraudsters caused the government to organize the workshop. The report also revealed that the ministry will not only emphasize the importance of the regulation, but will also try to determine cryptocurrency players who are present in Africa and on the national territory.
In addition, the Ministry will try to use the meeting to estimate the extent to which the services offered by these actors would be used, according to the report.
e-money regulation
However, this law does not specifically regulate cryptocurrency transactions. It is this lack of specific laws that regulate the use of cryptocurrencies, as well as the increasing use of such currencies that apparently forced the Cameroonian government to take measures.
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