Central African Republic launches project for its own cryptocurrency and crypto-hub

Central African Republic launches its own cryptocurrency, the Sango, and the future "first African crypto-hub" with "zero taxation" President Faustin Archange Touadéra made the announcement at an "online event" to launch "a new digital system powered by Blockchain technology" No concrete details were given on the modalities and timetable for the creation of this "Sango Coin" and a "Crypto Island", a platform allowing this virtual currency to become "the catalyst for the tokenization of the vast natural resources" The CAR has been bloodied since 2013 by a very deadly civil war, which has decreased in intensity since 2018. At the end of April, the adoption of bitcoin as a reference currency had caused perplexity and disapproval from an international community. Source