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.
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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.
Central Africa’s regional bank regulator reminds member states of digital currency ban
COBAC reiterated that the ban was put in place to ensure financial stability in the region, and as part of it, banks are prohibited from holding, exchanging, or converting digital currencies.
IMF: BTC adoption by Central African Republic is a concern
The International Monetary Fund says the move raises major legal and economic policy challenges, even as experts, political and economic leaders question the country’s ability to implement BTC payments.
Central African Republic ‘forgot’ to inform its central bank of its BTC plans
The CAR passed a law that allows citizens to make payments in BTC, but the central bank has revealed it was caught unaware even as IMF issued a warning.
Central African Republic adopts digital currency regulation bill
The Ministry of Finance pushed the bill which parliament passed despite a spirited fight by opposition which says digital assets facilitate money laundering.