In addition to the adoption of these so-called “non-regulated digital currencies” of which the number is currently over twenty thousand, more and more countries are launching their own cryptocurrency projects (which will be “sovereign” and de facto centralised cryptocurrencies). In Africa particularly, Ghana launched a pilot project (e-Cedi) in September 2021. In October of the same year, Nigeria launched a digital version of its currency: the e-Naira. In 2022, the Central African Republic – the first African state which adopted the Bitcoin as an official currency alongside the CFA (XAF) – officially launched its digital currency project (the Sango Coin). At the end of July 2023, Cameroon carried out some discussions (with the support of the American giant IBM) with a view to acquiring the technical and operational capabilities required to manage a cryptocurrency platform intended, among other things, for “some sovereignty expenses” with the neighbouring Nigeria.
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Cryptocurrencies: Opportunities and Challenges for the African Economiesroutledgeopenresearch.s3.eu-west-1.amazonaws.com/manuscripts/19922/ede1c48b-5382-4575-9b02-df10cef9b878_18623_-_clive_efoua.pdf?doi=10.12688/routledgeopenres.18623.1&s3BucketUrl=https%3A%2F%2Froutledgeopenresearch.s3.eu-west-1.amazonaws.com>mKey=GTM-WMG97K5&submissionUrl=%2Ffor-authors%2Fpublish-your-research&otid=d24d6fc1-2cde-484f-aba1-b2325dc116d6&immUserUrl=https%3A%2F%2Froutledge-proxy.f1krdev.com%2Feditor%2Fmember%2Fshow%2F&numberOfBrowsableCollections=17&numberOfBrowsableInstitutionalCollections=0&numberOfBrowsableGateways=0
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