Central African Republic to launch official crypto hub ‘Sango’

25.05.2022 15:26
by Anđelija Anđelić
1 min read

Shortly after approving Bitcoin (BTC) as legal tender in the Central African Republic (CAR), the local government is moving to provide the digital currency infrastructure.

CAR President Faustin-Archange Touadera took to Twitter on Tuesday to announce the upcoming launch of the country’s first major crypto initiative dubbed “Sango.”

The creation of the CAR’s crypto hub comes soon after the National Assembly unanimously adopted Bitcoin as legal tender, Touadera noted.

The CAR’s presidency previously introduced the Sango project as the legal cryptocurrency investment platform on the government’s official Facebook page on Tuesday. The Sango platform is positioned as CAR’s “first crypto initiative” and is called the name of CAR’s second official language after French.

According to the official Sango website mentioned in the statement, the Sango platform was initiated by the National Assembly and is supported by the CAR government and the president.

Source: https://cointelegraph.com/news/central-african-republic-to-launch-official-crypto-hub-sango

Author

  • Anđelija Anđelić is an Italian language and lit major, and investigative journalist with a special interest in the crypto world and tech innovations. Exploring the ways our world is changing and bringing the freshest info is her passion.

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