The president of the Central African Republic, Faustin-Archange Touadéra has publicized that the government will be backing an initiative aligned around developing the country’s blockchain infrastructure.
Touadéra stated that the government would be launching Sango, a crypto initiative proposed following the country’s adoption of Bitcoin as a legal tender. According to Sango’s website, the government intends to launch the program during a event in which the president, members of his cabinet and industry experts will discuss the physical and digital infrastructure needed to enter the crypto space.
The Sango project’s plans include building a legal crypto hub aimed at drawing businesses and global crypto enthusiasts, expanding the adoption of Bitcoin in the country and creating a virtual crypto island which is a special economic zone in the metaverse that will seemingly have an equivalent space in the physical world.
Touadéra’s plans to adopt crypto seems to be emulating those of El Salvador, whose Bitcoin Law declaring the digital currency legal tender went into effect in September 2021.
