Angola and Cryptocurrency
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Loading... - Camila Samuel
- 14 Feb 2023
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Angola Cryptocurrency Laws
Regulation of Digital Currencies: Cryptocurrency, Bitcoins, Blockchain Technology
The Angolan response to cryptocurrency is currently being considered by the Angolan Central Bank, according to a statement by José de Lima Massano.[1]
According to a 2018 study conducted by Ecobank, neither the Angolan Central Bank nor the Government of Angola have issued guidance or regulations addressing the legality and use of cryptocurrency.[2] Generally, although the use of cryptocurrency is not illegal, the Government in Angola advises against its use due to the financial risk of insecurity.[3]
More recently, however, the Governor of the Angolan Central Bank José de Lima Massano on September 30, 2020, indicated that the Central Bank would assess the risks of embracing cryptocurrency.[4] The announcement follows an October 2019 Request for Information by the National Bank about Blockchain solutions to the Angolan financial system.[5] Read More…
