Faustin-Archange Touadéra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the country’s blockchain infrastructure.In a Monday announcement on Twitter, Touadéra said the CAR government would be launching Sango, a crypto initiative proposed following the country’s adoption of Bitcoin (BTC) as legal tender in April. According to Sango’s website, the government intends to launch the program during a July 3 event in which the president, members of his cabinet and industry experts will discuss the physical and digital infrastructure needed for the CAR to enter the crypto space, as well as the legal framework for the country. The Sango project’s plans include building a “legal crypto hub” aimed at attracting businesses and global crypto-enthusiasts, expanding the adoption of Bitcoin in the country, and creating a virtual “crypto island” — a special economic zone in the metaverse that will seemingly have an equivalent space in the physical world. According to Sando, the CAR plans to have a dedicated legal framework for crypto in place by the end of 2022.“The ambitious strategy to quickly build a successful economy can only rely on new technologies that have taken the world by storm and taken money to another level, with Bitcoin as a watchword,” said Touadéra. With #Bitcoin as #legaltender & inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via #blockchain #tech. Everyone is welcome to witness the Sango Genesis Event that will be broadcast on the 3rd of July, on https://t.co/LIQiKGhcBS. pic.twitter.com/7u6knv5f6w— Faustin-Archange Touadéra (@FA_Touadera) June 27, 2022Related: Crypto users in Africa grew by 2,500% in 2021: ReportTouadéra’s and the CAR’s plans to adopt crypto seem to be emulating those of El Salvador, whose Bitcoin Law declaring the digital currency legal tender went into effect in September 2021. The Latin American nation also announced plans to create its town Bitcoin City funded by $1 billion worth of BTC bonds, placed on hold as of June amid the bear market.
In a message addressed to the faithful, the Bishops of the Central African Republic (CAR) highlight faith, hard work, dialogue, and patriotism as key elements to steering the conflict-ridden country from its current troubled situation.
The UN mission in the Central African Republic (CAR) condemned, in the strongest terms, succeeding assaults launched by armed groups in Damara on Saturday and Bangassou on Sunday.
UN ‘determined’ to help CAR vote on Sunday as rebel alliance resumes march on the capital, Bangui.
BANGUI, CENTRAL AFRICAN REPUBLIC — A rebel coalition that has been fighting the government in the Central African Republic said Friday that it was calling off a three-day cease-fire ahead of a tense general election on the weekend. The rebel
I stumbled upon this story about the chaotic situation in the Central African Republic (CAR) on TV Newswer, a website focused on things that are going on in the media and telecommunications landscape. Then I turned to the reporting that correspondent Cynthia McFadden had produced for NBC News pertaining to her recent trip to the…
The most important in this week’s headlines out of and about Africa, for those who need help catching up. In this week’s news, the Central African Republic names a new Prime Minister, and U.S. economist Harry Broadman wants our economic perceptions about Africa to change. Economist, Harry Broadman, Frustrated By Notion of “Africa As A Country”…