Act 2026

Lei n.º 70/X/2026, de 26 de janeiro — Lei Orgânica do Banco de Cabo Verde (Law 70/X/2026 approving the Organic Law of the Bank of Cabo Verde)

Summary

Sets the BCV's legal status, objectives, functions and governance. Price stability is the main objective (Art. 21); functions include currency issue, payment-system oversight, macroprudential and resolution authority and supervision of financial entities (Arts. 22, 35, 36, 39). Governance is by a Governor, a Supervisory Council and a Management Council (Arts. 44-66). It repeals Lei n.º 10/VI/2002 (Art. 4) and has no explicit AML or crypto provision; Art. 10(4) leaves digital-currency issuance to future regulation.

Topics: Prudential & Capital Corporate Governance

Who it applies to

Banking

Official source

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