Central African Republic’s new law paves way for resource tokenization
The Central African Republic will tokenize resources like land on a blockchain platform, allowing easier mobilization of resources, despite the struggles of its token Sango.
Latest Central African Republic News
IMF calls on Central African Republic to strike BTC legal tender status, again
The IMF was optimistic in its outlook for the Central African Republic, projecting a 2.2% GDP growth for 2023, but it maintains that CAR must strike out BTC.
Central African Republic postpones exchange listing for Sango Coin
Launched in July 2022, Sango Coin received underwhelming reception from investors, while the country’s Constitutional Court threw out the promise of purchasing CAR citizenship through Sango coins.
Central African Republic’s Sango Coin hit with deposit issues
Sango Coin’s tech team announced that it’s working to restore deposits even as the Central African Republic’s digital currency venture continues to receive widespread criticism.
Central African Republic sets up new task force to integrate Sango Coin into its economy
CAR’s government picked representatives from various ministries and agencies to work out how best to integrate Sango, a project that has failed to catch on.
Central African Republic postpones Sango coin public listing to 2023
The ill-fated currency won’t be publicly listed just yet, with the government citing current market conditions and the holiday season as the main reasons.
You can’t buy citizenship with Sango Coins, CAR court rules in latest blow
CAR had offered citizenship for foreigners who staked $60,000 worth of Sango Coins for five years, and e-residency for $6,000 staked for at least three years.
Central African Republic’s Sango Coin goes on public sale
The CAR Sango Coin is going for $0.10 currently before rising to $0.15 in the next phase and listing for $0.45 as the government targets raising $1 billion.
Central African Republic launches official digital currency ‘Sango Coin’
CAR President Faustin-Archange Touadéra also emphasized that Sango Coin is part of the CAR's vision to have an "integrated capital market that could stimulate commerce and sustain growth."
Central African Republic president backs BTC hub amid widespread skepticism
President Faustin-Archange Touadéra has taken on the Nayib Bukele attitude of pushing BTC at all costs and says the Sango hub will create monetary liberation as skeptics abound.
Central African Republic plans to tokenize natural resources to attract investors
CAR's President Faustin-Archange Touadera tweeted that the democratization and tokenization of the country's resources have "tremendous possibilities."
Central African Republic to launch official digital currency hub
According to a 24-page presentation for the initiative, Sango will be a ‘crypto’ island where digital currency trading will have legal recognition—the first of its kind in Africa.