{"id":63868,"date":"2022-07-04T10:44:22","date_gmt":"2022-07-04T07:44:22","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63868"},"modified":"2025-09-06T11:19:13","modified_gmt":"2025-09-06T08:19:13","slug":"car-launches-bitcoin-backed-digital-currency-sango-coin","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/car-launches-bitcoin-backed-digital-currency-sango-coin\/","title":{"rendered":"CAR launches Bitcoin-backed digital currency Sango Coin"},"content":{"rendered":"

On 3 July, Central African Republic President Faustin-Archange Touad\u00e9ra presented the national digital currency Sango Coin in a live broadcast. About this \u0441\u043e\u043e\u0431\u0449\u0430\u0435\u0442<\/a> The Block.<\/p>\n

According to Touad\u00e9ra, the coin will modernise state infrastructure and will be \u201cthe gateway to the CAR\u2019s natural resources.\u201d Earlier, the government announced<\/a> plans to tokenise the country\u2019s natural resources, including oil, diamonds and copper.<\/p>\n

\n

\u201cSango Coin will be the currency of the next generation for the Central African Republic,\u201d the president said.<\/p>\n<\/blockquote>\n

The country plans to use Sango Coin to build a crypto economy grounded in private investment. The initiative envisages the creation of a crypto island on the Ubangi River.<\/p>\n

Finance Minister Herv\u00e9 Ndoba said that the national digital currency is backed by Bitcoin, but he did not disclose details of the mechanism.<\/p>\n

The CAR government is also using blockchain to digitise the land registry system.<\/p>\n

Earlier last week, authorities announced plans to create a crypto hub<\/a> and a metaverse special economic zone.<\/p>\n

In April 2022, the country recognised Bitcoin as a means of payment<\/a> on a par with the local franc.<\/p>\n

Follow ForkLog’s bitcoin news on our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 3 July, President Faustin-Archange Touad\u00e9ra presented the national digital currency Sango Coin.<\/p>\n","protected":false},"author":1,"featured_media":63869,"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":[284,18,25,1095],"class_list":["post-63868","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-africa","tag-bitcoin","tag-blockchain","tag-cbdc"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63868","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=63868"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63868\/revisions"}],"predecessor-version":[{"id":63870,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63868\/revisions\/63870"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63869"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}