The Central African Republic now has a new national cryptocurrency called Sango Coin that will be used to power its digital economy.
Sango Coin and bitcoin will exist as recognized cryptocurrencies in the Central African Republic.President Faustin-Archange Touadéra of the Central African Republic launched Sango Coin as the country's national cryptocurrency in a virtualThe virtual event, dubbed the “Sango Genesis Event,” saw the country’s president enumerate plans for bitcoin and crypto utilization.
“Sango Coin will be the next-generation currency for [the] Central African Republic,” President Touadéra stated in his address.as an official currency in April. © 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Osato is a reporter at The Block who likes to cover DeFi, NFTS, and tech-related stories. He has previously worked as a reporter for Cointelegraph. Based in Lagos, Nigeria, he enjoys crosswords, poker, and attempting to beat his Scrabble high score.
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