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Cryptocurrency Regulator Proposed by Central African Republic

  • Lawmakers adopt proposal to facilitate use of cryptocurrencies
  • About 11% of CAR’s population has access to Internet

The Central African Republic has begun creating a legal framework to regulate the use of cryptocurrencies, Finance Minister Herve Ndoba said.

Lawmakers last week adopted proposals including the creation of a regulatory body that will have oversight of digital currencies, Ndoba said in a phone interview from Washington, D.C. The legislation that’s being put in place aims to facilitate the use of cryptocurrencies in the economy, he said.