The Securities and Exchange Commission of Central Africa highlighted its participation in a high-level seminar in Yaounde on digital finance developments, co-organized by the Bank of Central African States and the International Monetary Fund. The meeting brought together key CEMAC regulatory bodies to examine central bank digital currencies and the regulation of crypto-assets, and positioned COSUMAF within the regional effort to develop a harmonized framework for digital finance. Held from Feb. 23 to 27, the seminar gathered about 30 participants, including representatives from BEAC, the Banking Commission of Central Africa, the Action Group against Money Laundering in Central Africa and COSUMAF, with technical input from IMF and Financial Stability Board experts. Discussions covered the mechanics of crypto-assets, central bank digital currency architectures, stablecoins and tokens, along with implications for financial stability, legal frameworks, the digital transformation of financial activity, socio-economic effects and financial inclusion. COSUMAF framed the event as a step in strengthening cooperation among CEMAC institutions and reiterated its role, as regional capital markets regulator and investor protection authority, in contributing to a robust and protective regulatory framework for digital assets in the subregion.

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