Central African Republic president launches crypto initiative following Bitcoin adoption By Cointelegraph

0

Central African Republic president launches crypto initiative following Bitcoin adoption

Faustin-Archange Touadéra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the country’s blockchain infrastructure.

In a Monday announcement on Twitter (NYSE:), Touadéra said the CAR government would be launching Sango, a crypto initiative proposed following the country’s adoption of (BTC) as legal tender in April. According to Sango’s website, the government intends to launch the program during a July 3 event in which the president, members of his cabinet and industry experts will discuss the physical and digital infrastructure needed for the CAR to enter the crypto space, as well as the legal framework for the country.