BCEAO conference in Dakar addresses challenges and opportunities of crypto-assets and digital innovations for monetary and financial stability
via Abidjan.net8 min read
The Central Bank of West African States BCEAO hosted an international conference in Dakar on May 8, 2026, focusing on the opportunities and challenges presented by crypto-assets and digital innovations for monetary and financial stability. This event follows similar conferences in 2024 and 2025 on climate change and artificial intelligence, respectively. The conference aims to analyze the implications of these digital advancements and establish appropriate regulatory frameworks. Jean Claude Kassi Brou, Governor of the BCEAO, highlighted that crypto-assets, digital payment platforms, and the increasing digitalization of financial services are reshaping financial intermediation and challenging traditional regulatory and supervisory frameworks. He emphasized that while these tools are powerful drivers of modernization, they also introduce risks and vulnerabilities, calling for rigorous international dialogue on emerging digital finance issues. The BCEAO has initiated structural actions to support this transformation. Cheikh Diba, the Senegalese Minister of Finance and Budget, noted that these innovations offer unprecedented opportunities but also demand increased collective responsibility to address complex challenges related to regulation, security, and stability. He identified key risks such as the growth of shadow banking, excessive volatility in crypto-asset markets, fraud, money laundering, terrorist financing, cyberattacks, and operational vulnerabilities. Diba expressed o
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