The Central African Republic Unveils Sango Project, Disappoints The World
The Sango Genesis Event was revealing. Apparently, the Central African Republic president is as confused as MiamiCoin Mayor Francis Suarez and New York Mayor Eric Adams. Both of them got elected under a bitcoin platform and changed tune pretty quickly. President Faustin-Archange Touadéra, for his part, seemed to understand the mathematical miracle that bitcoin is, […]
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Web3 gaming console manufacturer Polium revealed their first product, the Polium One. This community-driven project aims to build the “world’s first multi-chain gaming console”. Related Reading | The Central African Republic Unveils Sango Project, Disappoints The World However, the project attempts to get a foothold in an industry that has been primarily hostile towards cryptocurrencies and […]
The sale of the Central African Republic (CAR)’s 210,000,000 Sango coins is set to begin on July 25 and participating investors will have to buy tokens worth at least $500. In return for buying and locking in the Sango coins, investors will gain citizenship and a piece of real estate property as well as a location in the metaverse.
First Digital Monetary System
The Central African Republic (CAR), the only African country to designate bitcoin legal tender, will begin selling the Sango coin for an equivalent of $0.10 starting July 25. However, another report says the sale....
According to Central African Republic President Faustin-Archange Touadéra, his country’s launch of the “Sango coin” currency, as well as the call for the creation of a common digital currency by the regional central bank, represent two key achievements for his country and all of Africa. President Touadéra also said “Sango is the future of our country” and that his government supports “bitcoin and blockchain adoption at a national level.” ‘Not an Easy Road’ The Central African Republic’s (CAR) president,....
After adopting bitcoin as legal tender, the Central African Republic now wants to create a cryptocurrency economic zone – Sango.
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
In a ruling likely to derail the Central African Republic (CAR)’s crypto ambitions, a constitutional court has ruled that the government’s plan to offer....