Central African States Bank board urges adoption of uniform digital currency
Crypto adoption continues to rise in the African region despite multiple challenges
By Shashank Bhardwaj
Following a board meeting in Cameroon, the board of the Bank of Central African States has called for the creation of a uniform digital currency that would serve the entire region in an email to the regional financial authority.
It was reportedly signed by the head of the board, Herve Ndoba. The board also urged to develop a common and consistent framework for regulating crypto assets within the region. The bank acts as a central bank for the Economic and Monetary Community of Central Africa member states, including Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea, and the Central African Republic.
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..