Central African Republic Sets Up Committee to Push Crypto Adoption
Faustin Archange-Touadera, the ambitious President of the Central African Republic, announced the formation of a crypto-dedicated committee in the country. According to Touadera, the new committee will consist of 15 specialists and are expected to “draft a new, more comprehensive bill.” 15 experts #centrafricains issus de plusieurs ministères de mon gouvernement composent le comité chargé d'élaborer un nouveau projet de loi plus complet sur l'utilisation des crypto-monnaies et d'offrir à la RCA cette opportunité unique de développement économique & technologique pic.twitter.com/bZTS8HQxH3 Despite the ground-breaking idea to develop an all-in-one app for the citizens of the Central African Republic and invite the brightest crypto minds to a tax-less innovation hub, the Sango project was slowed down by the CAR’s own government. Indeed, on 30th August 2022, the High Court of the Central African Republic vetoed the pro-crypto president’s initiative to sell e-residency and citizenships via Sango Coin, the native token of the African nation’s revolutionary project. Indeed, the Sango crypto project aims to bring a $3 trillion market to crypto investors by tokenizing the whole country, including natural resources. Currently in Cycle 3, the Sango project now offers crypto investors: Investors must register on the Sango platform to lock the fixed collateral of their choice. According to the current Cycle 3 staking system, the amount of crypto or fiat spent on each purchase will be returned in Sango coins after the specified period. Sango - The First Digital Monetary System Built on Bitcoin https://t.co/k535nnM1wJ via @BTCTN The Central African Republic is the second country to adopt Bitcoin (BTC) as a legal tender. Learn more about crypto adoption around the world: China’s Digital Yuan Adds Smart Contract Capabilities El Salvador to Host Bitcoin Beach Party Featuring Top Bitcoin (BTC) Maxis
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Text source: DailyCoin.com
