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Central African Republic launches national cryptocurrency called ‘Sango Coin’

Central African Republic launches national cryptocurrency called ‘Sango Coin’

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.

© 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.

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Author: Osato Avan-Nomayo


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