Crypto Regulation in South Sudan

Sudan has not currently enacted regulations or legislation specifically regulating digital currency yet. Sudan’s current legislation addresses electronic payments in general. However, it does not cover cryptocurrencies because the “Electronic Transactions Act, 2007” [1] was enacted before the rise of these virtual currencies. Despite of that, there are still many strong measures in this Act, such as protecting the secrecy of information and detailing the electronic contracting process.

Source: Freeman Law

JUBA – South Sudan’s Central Bank on Thursday warned the public against the use of virtual currencies, particularly bitcoin, saying they are not legal tender.

Ohisa issued a statement prohibiting citizens from dealing with virtual currencies, particularly bitcoins saying they don’t have legal status in the country.

“Virtual currencies such as Bitcoin are a digital representation of the value that can be digitally traded and functions as a medium of exchange within a specified online community but does not have legal status in South Sudan,” said Ohisa.

Source: Sudans Post

 Not Available

 Not Available

 Not Available

 Not Available

 Not Available

 Not Available

 Not Available