Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems.
Formal Economy Not an Option
Central African Republic president Faustin-Archange Touadera has said cryptocurrencies are an alternative to fiat cash. Touadera also claimed that “the formal economy is no longer an option” for the CAR.
According to a Zawya report, Touadera’s latest pro-crypto remarks were made just as his country launched the Sango coin, a crypto asset that officials claim will be used to access the CAR’s natural resources.
“Sango Coin will be the currency of the new generation of the Central African Republic,” President Touadera is quoted explaining.
Meanwhile, in one of his tweets before launching the so-called Sango Crypto Hub initiative, Touadera insisted that digital gold (bitcoin) will serve as an “engine for our civilization” in...
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