Central Africa's regional banking regulator sent out a reminder on Friday about its ban on cryptocurrencies, weeks after the Central African Republic, a member state, made bitcoin legal tender.
The Banking Commission of Central Africa , which regulates the banking sector in the six-nation Economic and Monetary Community of Central Africa , said the prohibition was meant to ensure financial stability.
At the time, analysts and crypto experts said they were puzzled by the move in one of world's poorest nations where internet use is low, conflict is widespread and electricity is unreliable. Reached by phone on Friday, government spokesman Serge Ghislain Djorie told Reuters that Central African Republic had received no official notice from the COBAC about a crypto ban, although he had seen the news in the press and on social media.
The banking commission held a special meeting on May 6 to examine the impact of cryptocurrencies in the zone, it said in the statement on Friday.
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