Bitcoin in CAR: Bangui’s moment of truth at the BEAC

By Omer Mbadi, in Yaoundé
Posted on Thursday, 21 July 2022 17:20

Songo Island, a project focused on cryptocurrencies led by the Central African Republic. ©Sango.org

The extraordinary sessions of the BEAC and CEMAC devoted to the consequences of the adoption of bitcoin by the Central African Republic (CAR), long postponed by Bangui, are being held 20-21 July in Douala.

Has reality caught up with Hervé Ndoba? This week, the CAR’s finance and budget minister is chairing an extraordinary session of the Bank of Central African States’ (BEAC) board of directors in Douala with only one item on the agenda: his country’s adoption of a law governing cryptocurrencies on 22 April of this year.