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Faustin-Archange Touad\u00e9ra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the country\u2019s blockchain infrastructure.<\/p>\n
In a Monday announcement on Twitter, Touad\u00e9ra said<\/a> the CAR government would be launching Sango, a crypto initiative proposed<\/a> following the country\u2019s adoption of Bitcoin (BTC) as legal tender in April. According to Sango\u2019s website, the government intends to launch the program during a July 3 event in which the president, members of his cabinet and industry experts will discuss the physical and digital infrastructure needed for the CAR to enter the crypto space, as well as the legal framework for the country. <\/p>\n The Sango project\u2019s plans include building a \u201clegal crypto hub\u201d aimed at attracting businesses and global crypto-enthusiasts, expanding the adoption of Bitcoin in the country, and creating a virtual \u201ccrypto island\u201d \u2014 a special economic zone in the metaverse that will seemingly have an equivalent space in the physical world. According to Sando, the CAR plans to have a dedicated legal framework for crypto in place by the end of 2022.<\/p>\n \u201cThe ambitious strategy to quickly build a successful economy can only rely on new technologies that have taken the world by storm and taken money to another level, with Bitcoin as a watchword,\u201d said Touad\u00e9ra. <\/p>\n With #Bitcoin<\/a> as #legaltender<\/a> & inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via #blockchain<\/a> #tech<\/a>. \n
Everyone is welcome to witness the Sango Genesis Event that will be broadcast on the 3rd of July, on https:\/\/t.co\/LIQiKGhcBS. pic.twitter.com\/7u6knv5f6w<\/a><\/p>\n