In a statement released Friday, the Central African Banking Commission (COBAC) recalls the ban on crypto-assets within the Central African Economic and Monetary Community (CEMAC). The objective is to guarantee financial stability and preserve deposits to customers.

The body in charge of banking supervision, recalls the prohibition in the CEMAC space of certain operations related to the use of crypto-assets. These prohibitions relate in particular to the subscription and holding of crypto-currencies "of any kind whatsoever for own account or on behalf of third parties, the exchange or conversion, settlement or hedging in currency or CFA franc transactions relating to or related to crypto-currencies", said COBAC at the end of an extraordinary session held on 6 May by videoconference. They also target Bitcoin or any other cryptocurrency, taken as a means of valuing the assets, liabilities or off-balance sheets of the institutions subject to tax.