from El Salvador later Bitcoin (BTC) second country in the world, first in Africa to accept Central African Republic continues crypto projects.
The Central African Republic is a platform to attract cryptocurrency businesses and investors to the country. cryptocurrency center plans to open.
The Presidency announced in a statement that it will launch the continent’s first legal cryptocurrency investment center.
in the statement of the International Monetary Fund (IMF) Despite the warnings, it was stated that the poor country will embrace digital finance.
The name of the soon-to-be-launched cryptocurrency project is “SANGOdetermined as ”.
The Sango project has a website. Investors interested in the project can sign up for a waiting list on the Sango.org website.
The goals of the project include establishing a cryptocurrency hub, boosting the Bitcoin legacy, and building a cryptocurrency island.
Apart from this information, no details were given about the opening and operation of the planned crypto money investment center.
Bitcoin Wallet, No Taxes and Digital National Bank Plans!
The statement also included among the plans of the project. The ability to buy land with Bitcoin, Digital National Bank as well as creating Bitcoin wallet will also be created.
This BTC wallet, Bitcoin’s second layer protocol for cheaper and faster payments Lightning Network and will be used to send, receive and store BTC.
Another noteworthy detail in the Sango project is that there will be no tax on crypto money transactions on this island. Here, income and corporate tax will not be collected from the transactions.
Just a month after Bitcoin was adopted as legal currency Sango Project The announcement was interpreted as an indication of how eager the Central African Republic is to become a crypto hub in Africa.