{"id":815,"date":"2023-01-26T12:35:10","date_gmt":"2023-01-26T12:35:10","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=815"},"modified":"2023-01-26T12:35:12","modified_gmt":"2023-01-26T12:35:12","slug":"central-african-republic-sets-up-committee-to-draft-cryptocurrency-legislation","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/central-african-republic-sets-up-committee-to-draft-cryptocurrency-legislation\/","title":{"rendered":"Central African Republic Sets Up Committee to Draft Cryptocurrency Legislation"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">According to CAR leader Faustin-Archange Touad\u00e9ra, the Central African Republic (CAR) has set up a committee to draft a bill on the use of cryptocurrencies. The committee, comprising of 15 experts from various government ministries, aims to create a legal framework that will help the CAR become a globally recognized blockchain technology-embracing country. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Touad\u00e9ra, whose country became the first African state to adopt bitcoin, also shared a communique outlining the country&#8217;s vision and the government ministries that have seconded experts to the committee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In a recent tweet, Touad\u00e9ra said <\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">&#8220;15 experts from several ministries of my government make up the committee responsible for drafting a new, more comprehensive bill on the use of cryptocurrencies and offering CAR this unique opportunity for economic &amp; technological development.&#8221;<\/p>\n<\/blockquote>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a href=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/car-crypto-bill.png\"><img decoding=\"async\" src=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/car-crypto-bill.png\" alt=\"\" class=\"wp-image-819\" width=\"282\" height=\"399\" srcset=\"https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/car-crypto-bill.png 514w, https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/car-crypto-bill-212x300.png 212w, https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/car-crypto-bill-150x212.png 150w, https:\/\/www.cryptometer.io\/news\/wp-content\/uploads\/2023\/01\/car-crypto-bill-300x424.png 300w\" sizes=\"(max-width: 282px) 100vw, 282px\" \/><\/a><figcaption class=\"wp-element-caption\">source: twitter<\/figcaption><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">The committee is already at work and will regularly issue progress updates, despite the setbacks the CAR government has suffered. A team promoting the country&#8217;s crypto token, the sango coin, announced the postponement of the coin&#8217;s scheduled listing due to &#8220;current market conditions.&#8221; Additionally, the CAR&#8217;s proposal to grant citizenship to sango coin holders was ruled illegal by a constitutional court.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to CAR leader Faustin-Archange Touad\u00e9ra, the Central African Republic (CAR) has set up a committee to draft a bill on the use of cryptocurrencies. The committee, comprising of 15 experts from various government ministries, aims to create a legal framework that will help the CAR become a globally recognized blockchain technology-embracing country. Touad\u00e9ra, whose [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,40],"tags":[],"class_list":["post-815","post","type-post","status-publish","format-standard","has-post-thumbnail","category-1-minute-read","category-regulation"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central African Republic Sets Up Committee to Draft Cryptocurrency Legislation<\/title>\n<meta name=\"description\" content=\"According to CAR leader Faustin-Archange Touad\u00e9ra, the Central African Republic (CAR) has set up a committee to draft a bill on the use of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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