Crypto Regulation in Guinea
The future of Bitcoin trading in Guinea-Bissau is uncertain. The country has not yet regulated cryptocurrency, and there is no official stance on its use. This means that there is a risk that Bitcoin trading could be banned in the future, or that regulations could be put in place that makes it difficult to trade. However, the lack of regulation also means that there is a lot of potential for growth in the market. If you’re interested in trading Bitcoin in Guinea-Bissau, it’s important to stay up-to-date on the latest developments.
Source: APN News
There is currently an established public notice regarding the trading of cryptocurrency published by the Bank of Papua New Guinea (BPNG) and approved by the CMG Governor, Loi M. Bakani.[1] The notice reminds the public that BPNG does not issue or regulate cryptocurrencies (“i.e. virtual currencies or digital money such as bitcoin, Ethereum, EOS, Lite Coin and others”) and thus virtual currencies lack any legal tender status and is not accepted currency in Papua New Guinea.[2] The government, however, does seem open to adopting blockchain technology as a platform for promoting financial inclusion. A closing speech by Minister Francis Maneke in 2017 portrayed the use of blockchain technologies in a positive light. The minister stated that he believed technology such as blockchain and virtual currency can “change people’s lives – particularly in a nation like ours, in which 85 per cent the population is outside the banking system
Source: Freeman Law
Investors are still waiting to see what will happen with Bitcoin in Guinea. Digital currency is not yet legal tender in the country, but the government has said that it is open to the idea of regulating it. This could mean that trading Bitcoin in Guinea could become more common in the future.
Source: APN News
Not Available
Investors are still waiting to see what will happen with Bitcoin in Guinea. Digital currency is not yet legal tender in the country, but the government has said that it is open to the idea of regulating it. This could mean that trading Bitcoin in Guinea could become more common in the future.
Source: APN News
Not Available
Not Available
Not Available
Not Available
