Board of Directors Urges Bank of Central African States to Introduce Common Digital Currency: Report
The Central African Republic, one of the countries served by the Bank of Central African States, has passed a law adopting Bitcoin as legal tender in April.< /p>
New
The Bank of Central African States, or Bank of African States, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon and the Republic of Congo, might be closer of releasing a central bank digital currency apparently at the request of its board.
According to a Friday report by Bloomberg, the board sent an email calling on the regional bank to introduce a digital currency in a bid to modernize payment structures and promote regional financial inclusion. The Central African Republic, or CAR, passed a law adopting Bitcoin (BTC) as legal tender in the country in April, but did not recognize a central bank digital currency, or CBDC.
The central bank of Nigeria was one of the first in the region to launch a CBDC called eNaira in October 2021, while the Reserve Bank of South Africa continues to explore the possible use of a CBDC as part of its Project Khokha initiative. The Bank of Central African States has also
The Central African Republic, one of the countries served by the Bank of Central African States, has passed a law adopting Bitcoin as legal tender in April.< /p>
New
The Bank of Central African States, or Bank of African States, which serves Cameroon, the Central African Republic, Chad, Equatorial Guinea, Gabon and the Republic of Congo, might be closer of releasing a central bank digital currency apparently at the request of its board.
According to a Friday report by Bloomberg, the board sent an email calling on the regional bank to introduce a digital currency in a bid to modernize payment structures and promote regional financial inclusion. The Central African Republic, or CAR, passed a law adopting Bitcoin (BTC) as legal tender in the country in April, but did not recognize a central bank digital currency, or CBDC.
The central bank of Nigeria was one of the first in the region to launch a CBDC called eNaira in October 2021, while the Reserve Bank of South Africa continues to explore the possible use of a CBDC as part of its Project Khokha initiative. The Bank of Central African States has also
What's Your Reaction?
