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Central African bank regulator reminds member states of crypto ban, Reuters reports

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The Block

Sat, May 14, 2022

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Central Africa's regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic (CAR) made bitcoin legal tender, Reuters said .

Still, the Banking Commission of Central Africa, which regulates the banking sector in the six-nation Economic and Monetary Community of Central Africa, to which CAR belongs, said its prohibition was meant to ensure financial stability, according to Reuters

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