Congo's Ministry of Finance and Economy held a working session with the General Directorate of National Financial Institutions (DGIFN) to review the directorate’s mandate and discuss priorities for supervising the national financial ecosystem. The agenda covered mobile money and financial inclusion, a prospective regulatory framework for transactions involving the electronic currency Bitcoin, and the operationalization of the Automobile Guarantee Fund. DGIFN was presented as the technical body supporting the minister on oversight of national financial institutions, including banks and similar credit institutions, microfinance institutions, payment institutions, intermediary companies and insurance experts, with responsibility for ensuring the application of applicable regulations. Forward-looking workstreams cited included establishing a BVMAC-Congo national agency to promote the unified Central African Stock Exchange, creating a national register of financial institutions, and introducing fees for the administrative processing of licensing approval applications.
Ministry of Finance & Economy (Congo) 2025-02-25
Congo's Ministry of Finance and Economy reviews DGIFN priorities on mobile money, Bitcoin regulation and BVMAC-Congo market plans
Congo's Ministry of Finance and Economy, with the General Directorate of National Financial Institutions (DGIFN), reviewed the directorate's mandate and supervisory priorities, focusing on mobile money, financial inclusion, and Bitcoin regulation. DGIFN supports the minister in regulating banks, microfinance, and payment institutions. Future initiatives include establishing a BVMAC-Congo agency, creating a national financial institutions register, and introducing licensing fees.