Can I Create a Diool Account for my Cryptocurrency Business?
As an entity providing payment services, Diool is subject to the rules and regulations set by the Central African Banking Commission (COBAC).
In accordance with COBAC Decision D-2022/071 of 6 May 2022, Relating to the Holding, Use, Exchange and Conversion of Cryptocurrencies or Crypto-assets by Establishments Subject to COBAC : "Entities subject to COBAC as well as their technical partners in the context of payment services are not authorized to subscribe or hold for their own account or on behalf of third parties cryptocurrencies or virtual currencies of any kind."
It is equally "prohibited for institutions providing payment services to exchange or convert, settle or cover in currency or in CFA francs transactions relating to cryptocurrencies or having a link with them."
In accordance with COBAC Decision D-2022/071 of 6 May 2022, Relating to the Holding, Use, Exchange and Conversion of Cryptocurrencies or Crypto-assets by Establishments Subject to COBAC : "Entities subject to COBAC as well as their technical partners in the context of payment services are not authorized to subscribe or hold for their own account or on behalf of third parties cryptocurrencies or virtual currencies of any kind."
It is equally "prohibited for institutions providing payment services to exchange or convert, settle or cover in currency or in CFA francs transactions relating to cryptocurrencies or having a link with them."
Updated on: 02/09/2022
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