The Central African Republic parliament, convening in plenary session on Thursday, April 21, 2022, enacted a new bill controlling cryptocurrency in the Central African Republic by acclamation and unanimously. This project enables the government to build an enabling environment for the country’s financial sector.

The bill was forwarded to the National Assembly’s office, which, in accordance with the provisions of article 32 of organic law n° 17.011 of March 14, 2017, on the internal regulations of the National Assembly, entrusted its substantive examination to the Joint Economy, Finance and Planning/Equipment and Communications Commission, chaired by Guy Samuel Nganatoua.

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From an assessment of the grounds, it appears that this bill is part of the Central African Republic’s recovery and peacebuilding strategy, with the government intending to promote robust and inclusive growth for the benefit of development. Hence to make this happen, the Minister of the Digital Economy, Posts, and Telecommunications and the Minister of Finance and Budget introduced the bill which seeks to establish a legal framework for the Central African Republic’s cryptocurrency, specifically Bitcoin.

Central African Republic cryptocurrency

Charles Rapulu Udoh

Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert. 
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh