Regulator: Central African Banking Commission (COBAC); Bank of Central African States (BEAC); Central African Financial Market Supervisory Commission (COSUMAF); National Financial Investigation Agency (ANIF)
Gabon operates under COBAC Decision D-2022/071 (May 2022), which prohibits all COBAC-regulated financial institutions from holding, exchanging, converting or facilitating cryptocurrency transactions, including all stablecoin types. COSUMAF's CEMAC VASP market rules do not create an exemption for institutional stablecoin issuance. Personal ownership is not expressly outlawed, but formal banking channels cannot support stablecoin use.
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
