The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra's native Luna asset resulted in big losses for many.
Central Africa's regional banking regulator reminded member states on Friday of its ban on cryptocurrencies, just weeks after the Central African Republic made bitcoin legal tender,The reminder came after a chaotic week for crypto when the linked meltdown of the algorithmic stablecoin UST and Terra's native Luna asset resulted in big losses for many of those involved.
It also led to stoppages of the Terra blockchain and market trading halts asPresident Faustin Archange Touadera of CAR signed a law on April 27 legalizing cryptocurrencies and making bitcoin a recognized currency in the country after a unanimous parliamentary vote, the AFP news agencyObed Namsio, the CAR president’s chief of staff, said the move marked an important milestone for the country’s economic recovery, according to aStill, the Banking Commission of Central Africa, which regulates the...
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Central African bank regulator reminds states of crypto banCentral 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.
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