Tag Archives: Bitcoin cryptocurrency

Cryptocurrency: is Sango project against Central African interests?

Cryptocurrency: is Sango project against Central African interests?

Central African Constitutional Court has rejected certain provisions relating to the “Sango” cryptocurrency launched by President Faustin Archange Touadera, following the adoption of bitcoin as the national currency last April. This cryptocurrency project, which is supposed to attract investors to the country and which may not see the light of …

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Central African Republic to launch bitcoin investment platform

Central African Republic to launch bitcoin investment platform

Central African Republic will launch the continent’s first legal cryptocurrency investment hub, the presidency said, extending the impoverished country’s embrace of digital finance despite words of caution from the International Monetary Fund, Reuters agency reported. Marred by decades of conflict, Central African Republic last month became the first country in …

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Central African Republic: Bitcoin project faces major difficulty

Central African Republic: Bitcoin project faces major difficulty

The Cemac Banking Commission (Cobac), has not accepted the adoption by the Central African authorities of the Bitcoin cryptocurrency as one of the country’s official currencies. Following an extraordinary meeting on May 6, the Cobac banned the use of cryptocurrencies in banking and financial institutions in the countries of the …

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