Central African Republic Compliance Report

Regulatory Overview

Regulatory Status

Regulators have not addressed crypto; legal status ambiguous

Key Regulator(s)

**Evolving Landscape, **National Regulatory Bodies (Central African Republic), **Regional (and Oppositional) Regulatory Body

Primary Legislation

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Travel Rule

Not adopted

Tax Reporting

**Law N° 22.001 of April 27, 2022, concerning the establishment of the legal framework for the use of cryptocurrency in the Central African Republic.** This law designates Bitcoin as legal tender alongside the CFA franc.. **Implication:** This law establishes Bitcoin's status as money. However, it *does not* provide a detailed tax framework for various crypto-related activities. Consequently, the general tax code of the CAR (Code Général des Impôts) is expected to apply, interpreted through the lens of Bitcoin being legal tender.. **Bitcoin (as legal tender):** If Bitcoin is treated as legal tender, gains derived purely from holding and then transacting with Bitcoin would generally *not* be subject to capital gains tax, similar to how one would not pay CGT on converting CFA francs to USD and back, or on simply holding CFA francs. Capital gains tax typically applies to *assets* sold for profit, not to the currency itself when it functions as a medium of exchange.. **Other Cryptocurrencies/Virtual Assets:** For cryptocurrencies other than Bitcoin, the situation is less clear. They would likely be considered intangible movable property. If classified as such, any gains derived from their sale or exchange could theoretically be subject to capital gains tax under the general tax code, if such a tax is applicable to intangible assets for individuals or specific business activities. However, the specific rates and applicability for individuals are not explicitly defined for digital assets.. **General CGT for Businesses/Investment:** For businesses, gains from the disposal of assets (including potential intangible assets like non-Bitcoin cryptos if they are part of a business's portfolio) are typically integrated into corporate income and taxed at the corporate income tax rate.

Key Facts

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