Summary: Central African Republic (CAR) has set up a committee tasked with drafting a bill on the use of cryptocurrencies and tokenization within the country, according to reports by Cointelegraph. The goal of the move is to remove financial barriers and speed the development of the country’s economy, CAR president Faustin-Archange Touadera said. Members are comprised ...

Central African Republic (CAR) has set up a committee tasked with drafting a bill on the use of cryptocurrencies and tokenization within the country, according to reports by Cointelegraph.

The goal of the move is to remove financial barriers and speed the development of the country’s economy, CAR president Faustin-Archange Touadera said.

Members are comprised of 15 experts from five ministries within the CAR—Ministry of Mines and Geology; Ministry of Waters, Forest, Hunting and Fishing; Ministry of Agriculture and Rural Development; Ministry of Town Planning, Land Reform, Towns and Housing; and Ministry of Justice, Promotion of Human Rights and Good Governance.

Author: Katie Lin