Regulator: Central African Banking Commission (COBAC); Bank of Central African States (BEAC); Central African Financial Market Supervisory Commission (COSUMAF); National Financial Intelligence Unit (FIU)
Falls under COBAC Decision D-2022/071 (May 2022), which prohibits all regulated financial institutions from engaging with cryptocurrency transactions of any kind, including all stablecoin types. The regulatory framework does not distinguish between different stablecoin categories—all are equally prohibited at the institutional level. COSUMAF's VASP licensing framework applies but does not create pathways for stablecoin issuance.
Applicable Laws:
Decision COBAC D-2022/071 relating to the Holding, Use, Exchange and Conversion of Cryptocurrencies or Crypto-Assets by Institutions Subject to COBAC - https://www.chazai-wamba.com/en/news/brief-info-cobac/
Regulation No. 01/22/CEMAC/UMAC/CM/COSUMAF on the Organization and Functioning of the Financial Market in Central Africa - https://cosumaf.org/wp-content/uploads/2023/07/Reglment-no-01-Portant-Organisation-et-Fonctionnement-du-Marche-Financier-de-lAfrique-Centrale-compressed.pdf
