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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The President of the Central African Republic, Faustin Archange Touadera, declared that his country is not leaving the franc of the French colonies (CFA franc), after a meeting with his Gabonese counterpart Ali Bongo. He made the comment when asked about the introduction of “bitcoin” as the second official currency …
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The Central African Republic government is launching its cryptocurrency hub it named Sango, nearly three months after adopting Bitcoin as one of its official currencies. President Faustin Archange Touadéra launched the hub on Sunday in a live announcement on social networks. The name “Sango” is in one of the country’s …
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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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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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Authorities in the Central African Republic adopted the Bitcoin cryptocurrency as an official currency on Wednesday, Reuters reported, citing the presidency. The country then becomes the first in Africa and only the second in the world to do so. Despite rich reserves of gold and diamonds, Central African Republic is …
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