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Angola vs Cameroon

Crypto regulation comparison

← Back to map | Angola | Cameroon
Angola

Angola

Cameroon

Cameroon

No Data
Restricted

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Cameroon has no specific national cryptocurrency legislation. As a CEMAC member, COBAC issued a 2022 directive banning financial institutions from facilitating crypto transactions. BEAC opposes crypto regulation and does not recognize cryptocurrencies. Individual ownership is not explicitly banned but access via formal banking is restricted.

Tax Type Unclear
Tax Type None
Tax Rate N/A
Tax Rate N/A
Exchanges No No
Exchanges No No
Mining No No
Mining Yes Yes
Regulator -
Regulator BEAC (Bank of Central African States), COBAC
Stablecoin Rules -
Stablecoin Rules Not applicable — COBAC bans financial institutions from crypto transactions
Key Points

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Key Points
  • No specific national cryptocurrency legislation
  • COBAC 2022 directive bans banks and payment providers from facilitating crypto transactions
  • BEAC firmly opposes cryptocurrency regulation in the CEMAC region
  • Part of the CEMAC monetary zone with the CFA franc
  • Nearly 900,000 crypto users in Cameroon despite restrictive banking environment
Sources

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Sources