No Result
View All Result
  • About Us
  • Advertise
  • Careers
en English
en Englishfr Français
Support Us
Mimi Mefo Info
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
  • Cameroon
  • Africa
  • Politics
  • Society
  • Business
  • Education
  • Tech
  • Entertainment
  • Opinion
  • Editor’s Picks
  • Sport
No Result
View All Result
Mimi Mefo Info
English | Français
No Result
View All Result

COBAC bans crypto currency exchange in CEMAC zone

Mimi Mefo Info by Mimi Mefo Info
May 16, 2022
Reading Time: 2 mins read
COBAC bans crypto currency exchange in CEMAC zone
Share on FacebookShare on Twitter



The Central African Banking Commission (COBAC) has banned crypto currency exchange in all zones of the Economic and Monetary Community of Central Africa, CEMAC.



The decision was made during an extraordinary session which took place May 6, 2022.

The session was aimed at examining the impacts of crypto assets on the stability of Banking and financial systems of CEMAC.


In a release signed by Abbas Mahamat Tolli, Statutory Chairman of COBAC, it was revealed that the move is in a bid to guarantee financial stability and preserve customer deposits. They as well reiterated that measures will be taken to set up a system for the identification and reporting operations related to crypto currencies.


The countries which constitute the CEMAC zone include : Cameroon, Chad, Central African Republic, Gabon and the Republic of Congo.



This decision however comes shortly after the Central African Republic adopted the bitcoin as their country’s official currency.


By Amina Hilda.

You can help support our work through the link below
ShareTweetSendShare
Previous Post

Maroua : L’huile végétale DIAMAOR vendue à prix d’or

Next Post

Government takes measures to assist Cameroon local flour promoters

Related Posts

Cameroon Government increases taxi fares by 50 FCFA
Cameroon

Cameroon Government increases taxi fares by 50 FCFA

February 8, 2023
Senatorial Elections: ELECAM rejects SDF list for Adamawa, drops 3 political parties
Cameroon

Senatorial Elections: ELECAM rejects SDF list for Adamawa, drops 3 political parties

February 8, 2023
ELECAM snubs killing of two staff in NW, announces readiness for senatorial elections
Live Update

Cameroon Senatorial Elections: Who is contesting in crisis-hit Anglophone Regions

February 8, 2023
Senior Orange Cameroun staff found dead at his Douala residence
Cameroon

Senior Orange Cameroun staff found dead at his Douala residence

February 7, 2023
SDF to run for senatorial election only in North West
Live Update

SDF to run for senatorial election only in North West

February 7, 2023
CPJ salutes arrest of suspects involved in killing of Martinez Zogo, says investigations must be transparent
Cameroon

CPJ salutes arrest of suspects involved in killing of Martinez Zogo, says investigations must be transparent

February 7, 2023
You can help support our work via the link below

Recommended

Cameroon Government increases taxi fares by 50 FCFA

Cameroon Government increases taxi fares by 50 FCFA

2 hours ago
Senatorial Elections: ELECAM rejects SDF list for Adamawa, drops 3 political parties

Senatorial Elections: ELECAM rejects SDF list for Adamawa, drops 3 political parties

12 hours ago
ELECAM snubs killing of two staff in NW, announces readiness for senatorial elections

Cameroon Senatorial Elections: Who is contesting in crisis-hit Anglophone Regions

12 hours ago
Syria: Baby born under earthquake rubble miraculous survives as mother dies

Syria: Baby born under earthquake rubble miraculous survives as mother dies

13 hours ago

Popular News

Plugin Install : Popular Post Widget need JNews - View Counter to be installed

You can help support our work via the link below

Category

  • Accident de la route
  • Affairs
  • Africa
  • Afrique
  • Agriculture
  • Business
  • Cameroon
  • Cameroun
  • Coupe d'Afrique des Nations
  • Crise Anglophone
  • Culture
  • Development
  • Développement
  • Economie
  • ECONOMY
  • Editor's Picks
  • Editorial
  • Education
  • Entertainment
  • Environment
  • Environnement
  • Fashion
  • Food
  • Français
  • French
  • Gestion
  • Gouvernance
  • Health
  • Human Interest/Society
  • Human Rights
  • HUMANITAIRE
  • Infrastructures
  • Insécurité
  • Interviews
  • Judiciary
  • Justice
  • Lifestyle
  • Live Update
  • MONDE
  • Nécrologie
  • News
  • News Roundups
  • Opinion
  • Other
  • Politics
  • Politique
  • Religion
  • Road Safety
  • Santé
  • Science
  • Security
  • Société
  • Sport
  • Tech
  • Technologie
  • Tourisme
  • Transport
  • Travel
  • Voyage
  • World

Important Links

  • Term of Use
  • Privacy Policy
  • About Us

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Fashion
  • Lifestyle
  • Tech
  • Health
  • Food

Copyright © 2020 Mimi Mefo Info Ltd. - All Rights Reserved.

en English
en Englishfr Français
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
pixel