Central African Republic Dives Into Crypto: Memecoin Launch To Fuel Economic ...
In a bold move aimed at revitalizing its struggling economy, the Central African Republic (CAR) has launched a new crypto, dubbed “CAR Meme.” This initiative, spearheaded by President Faustin-Archange Touadéra, a former mathematics professor, seeks to attract much-needed investment to the nation, which has faced “years of neglect from the international community.” From Bitcoin To […]
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After adopting bitcoin as legal tender, the Central African Republic now wants to create a cryptocurrency economic zone – Sango.
The Central African Republic (CAR) has mentioned plans of setting up a crypto hub recently. This news comes after Central African Republic legally recognized Bitcoin last month. This move of launching a “crypto hub” is in a view to attract global enthusiasts. After a lot of compliments and supposed criticisms, the local government is all […]
The Central African Republic is establishing a legal framework that will allow the use of cryptocurrencies like bitcoin to be used in the economy.
Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic president Faustin-Archange Touadera has said cryptocurrencies are an alternative to fiat cash. Touadera also claimed that “the formal economy is no longer an option” for the CAR. According to a Zawya report, Touadera’s latest pro-crypto remarks were made just as his country....
After meeting the leaders of Ivory Coast and Senegal in July, the CEO of the cryptocurrency Binance, Changpeng Zhao, revealed in a tweet that he had recently met the President of the Central African Republic (CAR). Some of the topics discussed by the two were focused on “education, investments and crypto adoption in the Central African Republic.”
‘An Incredibly Important Step’ for the CAR
As part of his latest effort to drive adoption in Africa, Changpeng Zhao, the CEO of the global cryptocurrency exchange Binance recently met the Central African....