central african republic

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Report: Central African Banking Regulator Says Crypto Ban Still Effective

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An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition is designed to ensure financial stability is maintained within the economic bloc. COBAC to Set Up System to Identify Crypto Transactions An African regulator, the … Read more

Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise

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The African startup, Mara, recently said it has raised about $23 million in funding from organizations ranging from Coinbase Ventures to individual angel investors like Amit Bhatia and Hamad Alhoimaizi. Mara has also partnered with the Central African Republic (CAR) and will act as an adviser to the country’s president. Enhancing Africa’s Competitiveness An Africa-focused … Read more

Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks

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The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly … Read more