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A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.
Filmmakers are interested in documenting one of this year’s weirdest stories in crypto, but what else made the list?
Crypto in 2022 wasn't just about hacks and bankruptcies, there were many positive developments as well.
Continue reading Four Positive Events in the Crypto Space This Year at DailyCoin.com.
Central African Republic President Faustin-Archange Touadera outlined that the Sango crypto hub project will foster financial inclusion by removing the barriers to entry in the banking sector.
The most revolutionary conference of crypto?
Building a “legal crypto centre,” increasing the use of Bitcoin, and developing a “crypto island” – a distinct economic zone in the metaverse — are all part of the Sango project’s ambitions. The Central African Republic’s president, Faustin-Archange Touadéra, has said that the government will support a project aimed at building the nation’s blockchain infrastructure. […]
Bitcoin advocates have visited the Central African Republic and offered advice on how the country can best adopt BTC as legal tender.
A group of Bitcoiners traveled to the Central African Republic to meet with the country’s president and discuss pathways for bitcoin adoption.
The Central African Republic is stepping up its blockchain adoption with a new announcement from the president revealing that the country will tokenize access to its natural resources.
The post Central African Republic to tokenize natural resources appeared first on CryptoSlate.
The World Bank claims the $35 million grant to Central African Republic is not related to the upcoming crypto hub project.
Continue reading World Bank Rejects Central African Republic’s Bitcoin Island Plan at DailyCoin.com.
The World Bank has said “it will be physically impossible” for the lender to fund the planned Sango crypto hub and voiced concerns regarding the country’s adoption of Bitcoin.
The news comes exactly a month after the Central African Republic became the second country in the world to adopt Bitcoin (BTC) as legal tender.
According to an announcement on the country’s official Facebook page, the Central African Republic (CAR) is set to launch a cryptocurrency investment hub. The post revealed that the project would be known as “Sango.” According to the statement, President Faustin-Archange Touadera said “The formal economy is no longer an option.
The post Central African Republic wants to launch Africa’s first legal Bitcoin investment platform appeared first on CryptoSlate.
The Central African Republic adopted Bitcoin as an official currency in April. Central African Republic Announces Sango Project Weeks after adopting Bitcoin as a legal tender, the Central African Republic...
After adopting bitcoin as legal tender, the Central African Republic now wants to create a cryptocurrency economic zone – Sango.
Looks like there is a storm brewing in Central Africa between the nation’s financial regulator and the executive. On 13 May, the regional banking agency reminded the African republic about its ban on cryptocurrencies. Last month, the country’s National Assembly passed a resolution, legalizing cryptocurrency, establishing a regulatory framework, and accepting bitcoin as legal tender. […]
MARA, a cryptocurrency infrastructure company backed by Coinbase, will advise the Central African Republic on bitcoin adoption after making it legal tender.
For them, the initiative puts the country "on the map of the world's boldest and most visionary countries."
The post Bitcoin is Now Official Currency in Central African Republic appeared first on BitPinas.
Recently, the Central African Republic [CAR] declared to make Bitcoin a legal tender, becoming the only second nation after El Salvador to embrace the asset. The news hogged significant limelight with crypto proponents hailing the landmark move. However, reports soon began to circulate that the Central Bank was kept out of the loop as the […]
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