{"id":63646,"date":"2022-06-29T12:17:59","date_gmt":"2022-06-29T09:17:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63646"},"modified":"2025-09-06T10:10:57","modified_gmt":"2025-09-06T07:10:57","slug":"car-to-establish-a-cryptocurrency-hub-and-enter-the-metaverse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/car-to-establish-a-cryptocurrency-hub-and-enter-the-metaverse\/","title":{"rendered":"CAR to establish a cryptocurrency hub and enter the metaverse"},"content":{"rendered":"<p>The authorities of the Central African Republic (CAR) will launch the Sango programme, which will help the country enter the cryptocurrency industry. This was stated by head of state Faustin-Archange Touad\u00e9ra.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>With <a href='https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw'>#Bitcoin<\/a> as <a href='https:\/\/twitter.com\/hashtag\/legaltender?src=hash&#038;ref_src=twsrc%5Etfw'>#legaltender<\/a> &#038; inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via <a href='https:\/\/twitter.com\/hashtag\/blockchain?src=hash&#038;ref_src=twsrc%5Etfw'>#blockchain<\/a> <a href='https:\/\/twitter.com\/hashtag\/tech?src=hash&#038;ref_src=twsrc%5Etfw'>#tech<\/a>. <br \/>Everyone is welcome to witness the Sango Genesis Event that will be broadcast on the 3rd of July, on <a href='https:\/\/t.co\/LIQiKGhcBS'>https:\/\/t.co\/LIQiKGhcBS<\/a>. <a href='https:\/\/t.co\/7u6knv5f6w'>pic.twitter.com\/7u6knv5f6w<\/a><\/p>\n<p>\u2014 Faustin-Archange Touad\u00e9ra (@FA_Touadera) <a href='https:\/\/twitter.com\/FA_Touadera\/status\/1541402144078716929?ref_src=twsrc%5Etfw'>June 27, 2022<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>On 3 July, during the Sango Genesis event, officials and industry experts will discuss the CAR\u2019s legal framework, as well as physical and digital infrastructure.<\/p>\n<p>The initiative envisages creating a &#8216;legal cryptocurrency hub&#8217; aimed at attracting businesses and participants in the industry. The programme also envisages expanding the adoption of blockchain technology and the emergence of a special economic zone in the metaverse.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;An ambitious strategy for rapidly building a successful economy can rely only on new technologies that have stormed the world and taken money to a new level, with Bitcoin as a slogan,&#8217; said Touad\u00e9ra.<\/p>\n<\/blockquote>\n<p>In April <a href=\"https:\/\/u1f987.com\/en\/news\/central-african-republic-becomes-the-worlds-second-country-to-legalize-bitcoin\">CAR approved the first cryptocurrency<\/a> as legal tender alongside the local franc. The country followed the example of El Salvador, which legalized Bitcoin in September 2021.<\/p>\n<p>In <span data-descr='IMF' class='old_tooltip'>IMF<\/span> has repeatedly <a href='https:\/\/forklog.io\/mvf-vnov-raskritikoval-legalizatsiyu-bitkoina-v-salvadore\/'>criticised<\/a> El Salvador&#8217;s decision and <a href='https:\/\/forklog.io\/mvf-prizval-salvador-otkazatsya-ot-bitkoina-v-kachestve-platezhnogo-sredstva\/'>urged<\/a> to abandon it. In May the organisation said that adopting Bitcoin as a means of payment <a href=\"https:\/\/u1f987.com\/en\/news\/imf-warns-of-potential-problems-from-bitcoin-legalization-in-the-central-african-republic\">would entail problems for both the CAR<\/a> and for the region.<\/p>\n<p>Back in June, Touad\u00e9ra spoke about plans <a href=\"https:\/\/u1f987.com\/en\/news\/central-african-republic-tokenises-natural-resources\">to tokenize the country&#8217;s natural resources<\/a> and open access to them for companies involved in the crypto industry.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href='https:\/\/telegram.me\/forklog' target='_blank' rel='nofollow noopener'>Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The authorities of the Central African Republic (CAR) will launch the Sango programme, which will help the country enter the cryptocurrency industry. This was stated by head of state Faustin-Archange Touad\u00e9ra.<\/p>\n","protected":false},"author":1,"featured_media":63647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[284,1269,1353,1361],"class_list":["post-63646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-africa","tag-cryptocurrencies","tag-metaverses","tag-virtual-world-innovations"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63646"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63646\/revisions"}],"predecessor-version":[{"id":63648,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63646\/revisions\/63648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63647"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}