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Central African Republic launches national cryptocurrency called 'Sango Coin'


www.theblock.co 03 July 2022 20:39, UTC
Reading time: ~2 m

President Faustin-Archange Touadéra of the Central African Republic launched Sango Coin as the country's national cryptocurrency in a virtual event broadcast on Sunday.

The 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.

The landlocked African country became the first on the continent to recognize bitcoin as an official currency in April.

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