Faustin-Archange Touadéra, President of the Central African Republic (OAC), launched the country’s cryptocurrency, Sango Coin, at the virtual event published on July 3.
At the so-called Sango Genesis Event, President Touadéra, Bitcoin (BTC) and cryptocurrencies on the use short and medium term state policy.
According to Faustin Touadéra Sango Coinwill act as a gateway to the country’s natural resources. The government of the Central African Republic previously diamonds, copper and oil including all tokenize natural resources announced his plans.
Government, Sango Coin, by private investment to be executed a crypto-based economy will use to install. This digital economy center is part of the plans for a river to be built in the Oubangiu river. Crypto Island too including.
your country finance minister Hervé Ndoba also took part in the event. Ndoba, who gave information about Sango Coin, said that Sango Backed by Bitcoin stated, but there is no question whether this support is a Bitcoin-based cryptocurrency. There was no clear information.
Central African Republic on the African continent in April Bitcoin official currency It was the first country to recognize it. Announcing the Sango project in May, the Central African Republic, It faced negative reactions from the World Bank and the Central Bank of Central African States. Particularly, the Central Bank of Central African States, this move of the government to avoid central bank control. claiming to be “unacceptable” described it as.