Police in the Central African Republic suspect a rug pull after the operators of a crypto firm “vanished overnight.” The news outlet RFI reported that the Research and Investigation Section (SRI) of the National Gendarmerie (the CAR’s police force) have “launched an investigation” into the firm. Prosecutors have also launched a separate investigation into the…
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The Central African Republic has rolled out plans to tokenize its land and natural assets as the country seeks more adoption around its blockchain projects. According to the announcement on X (Twitter), the country will expand the utility of its Sango blockchain project to include citizenship acquisition, land ownership, and diverse investment…. Read More: Central…
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Asset tokenization has been in the works for a year. The ambitious project has also included investor citizenship and an island in the metaverse. The Central African Republic (CAR) has extended its Sango blockchain project to tokenization of its land and natural resources. The country, one of the poorest and most crypto-friendly in the world,…
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The International Monetary Fund projects 2.2% GDP growth and manageable debt, but warns of liquidity risks. The Central African Republic (CAR) has received optimism from the International Monetary Fund (IMF) one year since it adopted Bitcoin (BTC). The IMF’s positive outlook reflects the country’s economic prospects and the impact of embracing the leading cryptocurrency. The IMF published…
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The project has marketed Sango Coin to interested parties by offering pathways to CAR citizenship through investments. The organization following the launch of the Central African Republic’s Sango Coin has announced a delay of its listing “just for a few weeks,” citing legal and regulatory obstacles. In a March 31 message on its Telegram channel,…
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The Central African Republic (CAR) president, Faustin-Archange Touadéra, recently said his government has established a 15-member committee tasked with creating a comprehensive legal framework that governs the use of cryptocurrencies. According to an official document issued by the CAR cabinet, the committee has already started its work and will regularly update the government. CAR’s Ambitions…
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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. Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and…
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A constitutional court in the Central African Republic has reportedly ruled that the Touadéra government’s offer of land and citizenship to buyers of the sango coin is unconstitutional. The court said the sango-coin-for-citizenship scheme must be stopped because the country’s “nationality has no market value.” Offering Land and Minerals to Sango Coin Investors Ruled Unconstitutional…
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Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic president Faustin-Archange Touadera has said cryptocurrencies are an alternative to fiat cash. Touadera also claimed that…
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