Central African Republic launches cryptocurrency hub

Faustin-Archange Touadera, president of the Central African Republic (CAR) reported the launch, as of May 24, of the country’s cryptocurrency center called “Sango”, after the National Assembly adopted bitcoin as legal tender.

The president of RCA stated that once bitcoin is approved as the official currency, the government is working to provide the necessary infrastructure for digital currencies. “We are pleased to show the first concrete initiative”, which “Goes beyond politics and administration and has the potential to reshape the CAR’s financial system,” Touadera indicated.

According to the statement, the Sango platform was initiated by the National Assembly and has the backing of the CAR government and the president. “The Sango platform is positioned as the first crypto initiative of the CAR and is named after the second official language of the CAR after French.”

Bitcoin generates great possibilities

According to President Touadera, accepting bitcoin as legal currency offers “unimaginable possibilities for the development and transformation of the country.” Cryptocurrencies have become tools that will help shape the future of the Central African Republic. “Sango can usher in a new economic era with enormous potential, which neither Africa nor the rest of the world has imagined.”

Touadera’s greatest wish is for the platform to allow all citizens to have access to digital currencies and to be international evidence on “how the benefits of cryptocurrencies become vectors of the country’s economic performance.”

The president also stated in his statement that “building the first legal cryptocurrency center in the heart of Africa will enhance the cryptocurrency experience by taking Bitcoin adoption to the next level, potentially bringing the world’s most unconventional space.”

M. Rodríguez

Click the link to subscribe to our news and media group on Telegram: https://t.me/G_ELSUMARIO_Noticias

Source: ciberdivisas.com