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Cameroon vs New Caledonia

Crypto regulation comparison

← Back to map | Cameroon | New Caledonia
Cameroon

Cameroon

New Caledonia

New Caledonia

Restricted
No Data

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.

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

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Sources
Sources

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