Central African Republic president launches crypto initiative following Bitcoin adoption

The Sango project’s plans include building a legal crypto hub

As the expanding the adoption of Bitcoin,

Then creating a crypto island  which will be a special economic zone in the metaverse.

Faustin-Archange Touadéra, Central African Republic president gives announcement

He said, the government will be backing an initiative centered around developing the country’s blockchain infrastructure.

Previously, the country adopt BTC as a legal tender

Specifically, in April.

Then now, next month, on July 3 the government will launch their new project

The project that aims to expand BTC or crypto existence in the country

According to Sango’s website,

The government intends to launch the program during a July 3 event

In which the president, members of his cabinet and industry experts will discuss the physical and digital infrastructure needed

For the CAR to enter the crypto space,

As well as the legal framework for the country.

The Sango project’s plans include building a legal crypto hub

Which aimed at attracting businesses and global crypto-enthusiasts,

The virtual crypto island is a special economic zone in the metaverse

That will seemingly have an equivalent space in the physical world.

According to Sando, the CAR plans to have a dedicated legal framework

For crypto in place by the end of 2022.

Touadéra said;

“The ambitious strategy to quickly build a successful economy can only rely on new technologies that have taken the world by storm and taken money to another level, with Bitcoin as a watchword,”