The National Academy of Sciences, Arts and Letters of Benin (ANSALB) organized a workshop on 19 October last year that brought together dozens of specialists from various fields including economic history, economics, political science and economic policy, and macroeconomics Economy, computer science and artificial intelligence and digital law

ANSALB was based on the theme “Money and Cryptocurrency in West Africa” during its workshop, which is part of the aim of bringing to the attention of the general public the fundamentals of money and cryptocurrencies. According to Professor Michel Boko, academician and permanent secretary of ANSALB, “the organization of the major conferences of the National Academy of Sciences, Arts and Letters of Benin stems, on the one hand, from our desire to contribute to the development and advancement of science, technology and innovation in the arts and letters in the Republic of Benin and, on the other hand, to contribute knowledge. political and strategic.”

Also, Professor Michel Boko indicated that “Since the costs of banking services are relatively high, cryptocurrency is a low-cost alternative for accessing financial services. The decentralized nature of cryptocurrency, which does not need a central authority to function, represents an asset for its rapid development and an opportunity for the financial empowerment of countries with currencies pegged to Western currencies