Central African Republic (CAR) officials will launch the Sango program, which will help the country enter the cryptocurrency industry. This was stated by the head of state, Faustin-Archange Touadéra.

With #Bitcoin aspect #legal offer & inspire opens a new page in our country’s inspiring journey towards a brighter future. #blockchain #technology.
Everyone is invited to witness the Sango Genesis Event, which will air on July 3 at https://t.co/LIQiKGhcBS. pic.twitter.com/7u6knv5f6w

— Faustin-Archange Touadera (@FA_Touadera) 27 June 2022

On July 3, during the Sango Genesis event, government officials and industry experts will discuss the legal framework, physical and digital infrastructure needed by CARs.

The startup plans to create a “legal cryptocurrency hub” aimed at attracting businesses and industry participants. The program also includes expanding the application of blockchain technology and the emergence of a special economic zone in the metadatabase.

“An ambitious strategy to quickly build a successful economy can only rely on new technologies that are taking the world by storm and bringing money to a new level with its slogan bitcoin,” Touadera said. Said.

In April, the Central African Republic approved the first cryptocurrency as legal tender, along with the local franc. The country followed in the footsteps of El Salvador, which legalized Bitcoin in September 2021.

HORSE IMF He repeatedly criticized El Salvador’s decision and demanded that it be overturned. In May, the organization said the adoption of bitcoin as a means of payment is fraught with problems for both CAR and the region.

Recall that in June Touadera talked about plans to tokenize the country’s natural resources and open access to them for companies associated with the crypto industry.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.