Central African Republic Makes Move to Modernize Economy with Establishment of Crypto-Currency Committee
The Central African Republic government has established a Committee to draft a bill on the use of cryptocurrencies and tokenization in the country.
> The Committee, which is composed of 15 experts from various government departments, including the Ministry of Mines and Geology, the Ministry of Waters, Forests, Hunting and Fishing, the Ministry of Agriculture and Rural Development, and the Ministry of Town Planning, Land Reform, Town, and Housing.
> The decision to establish the Committee was made by the government in an effort to create a friendly business environment for crypto-currencies and tokenization in the country.
> The move by the Central African Republic to draft a bill on crypto-currencies and tokenization is a significant step towards modernizing its economy and increasing its competitiveness on the global stage.