Central African Republic President: Crypto is key to financial inclusion
— Currency, Archange touadera said, Thomson reuters trust principles, Central african republic ," touadera said, Key, Facilitate, Central, Past three months, Enthusiasm, Recent losses — 1 min read
The Central African Republic became the first African state to make bitcoin legal tender in April. President Faustin-Archange Touadera says cryptocurrencies are the solution to tackling financial exclusion in the country. The move to adopt cryptocurrencies in a country where internet use is low and electricity unreliable has raised eyebrows among crypto experts, puzzled lawmakers and residents, and drawn words of caution from the International Monetary Fund. The country's "Sango" website says that it will "facilitate the tokenization of Central African. Republic's enthusiasm for cryptocurrencies does not seem to have been dented by recent losses in their values, with the price of bitcoin falling over 58% in the past three months, according to Refinitiv data. The price of Bitcoin has fallen Source