Faustin-Archange Touadera, President of the Central African Republic (CAR), announced plans to tokenize the country’s natural resources.

According to the document, within the framework of the Sango project, companies associated with the crypto industry and “creating assets in the country” will gain access to tokenized assets.

The Central African Republic has significant natural resources – diamonds, uranium, gold and oil deposits. It is one of the poorest countries on the black continent and in the world as a whole. In terms of GDP per capita on a PPP basis, CAR ranks third from the bottom of the ranking at $1,040 (World Bank data for 2020). Worse still, only Somalia and Burundi.

Previously, authorities approved bitcoin as a means of payment along with the local franc.

Recall that in July 2021, the South China Morning Post, the oldest English-language newspaper in Hong Kong, published a series of NFTs using the new ARTIFACT token standard designed to record historical assets on the blockchain.

Prior to that, Swiss-controlled cryptocurrency bank Sygnum announced plans to tokenize Pablo Picasso’s painting.