Central African Republic announced the launch of its own CBDC

    President of the Central African Republic Faustin-Archange Touadera announced on July 3 that the country would be launching its own CBDC, Sango Coin. The national-backed cryptocurrency initiative to increase the opportunities to build the digital assets industry in the country was revealed during the ‘Sango Genesis’ online conference. Besides the announcement of a CBDC, speakers…

    Following El Salvador, Central African Republic adopts Bitcoin as legal tender

    Central African Republic has adopted Bitcoin as an official currency, President Touadera said on Wednesday, becoming the first country in Africa and only the second in the world to do so. He also said the African nation is moving forward with broad crypto adoption plans. The President of the Central African Republic (CAR), Faustin Archange…