President of Central African Republic Reveals Crypto Hub Launch Date

Faustin-Archange Touadéra, president of the Central African Republic, has announced that his nation’s much-anticipated crypto hub will launch on July 3rd. CAR’s Crypto Hub Launch Date Revealed In a Monday announcement on Twitter, Touadéra said the CAR government would be launching a crypto initiative called Sango, following the country’s adoption of Bitcoin (BTC) as legal tender in April. The project is intended to make CAR the most “progressive” economy in Africa through the use of blockchain technology. “With Bitcoin as legal tender & inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via blockchain tech,” he wrote in his tweet. With #Bitcoin as #legaltender & inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via #blockchain #tech. Everyone is welcome to witness the Sango Genesis Event that will be broadcast on the 3rd of July, on https://t.co/LIQiKGhcBS. pic.twitter.com/7u6knv5f6w — Faustin-Archange Touadéra (@FA_Touadera) June 27, 2022 The Sango project’s plans include building a “legal crypto hub” aimed at attracting global businesses and crypto enthusiasts and creating a virtual “crypto island,” a special economic zone in the metaverse that will also have an equivalent space in the physical world. Additional plans include establishing a crypto national bank, creating a state-sponsored lightning wallet, and exempting crypto exchange...