Skip to content
Crypto Birb
Crypto Birb

Your Crypto & Blockchain Encyclopedia

  • HOME
  • Crypto News Live (English)
  • BLOG POST
  • BLOGS IN HINDI
  • Web Stories
  • Crypto Tools
  • Our Services
  • CONTACT US
Crypto Birb

Your Crypto & Blockchain Encyclopedia

Central African Republic
June 28, 2022June 28, 2022

Central African Republic President Shows commitment towards Bitcoin By Reveling crypto Hub Launch date

Sharing is caring!

  • Facebook
  • Twitter
  • LinkedIn

Central African Republic Sango Genesis Event begins on July 3rd, By this event CAR going to transform their economy by The help of Blockchain and we can say CAR,S are going to kick off their Economy transformation by making CAR,S as a blockchain Hub .

President Toudéra Recently Tweeted on Monday and Reconfirm his plans to Establishes Bitcoin as Legal tender in Central Africa , They also told us that  “With Bitcoin as legal tender & inspiration, our country opens a new chapter in its inspiring journey towards a brighter future via blockchain tech,”

He said that chapter of the inspiring journey to a brighter future through blockchain technology was just beginning.

In April, CAR took the world by surprise when the President signed the crypto legal framework into law. This also made Bitcoin an official currency. The government would treat Bitcoin as the legacy CFA Franc, which is exempted from capital gains tax and can be used to pay one’s other taxes.

The President also announced the Sango Project, which aims to transform CAR into a “crypto hub”, which attracts international investors. It will also include the establishment of a crypto national bank and the creation of a state-sponsored lightning vault.

According to today’s translation, the project will also include the “tokenization” of the country’s natural resource. On July 3rd, at 7 p.m. CET, more information will be available during the Sango Genesis Event. The president described it as the most revolutionary conference in the history “blockchain technology” or “Web 3”.

CAR,S are trying to Copy the El Salvador Policy for Bitcoin

Their initiatives have received a similar response worldwide, but that is not necessarily a good thing. The International Monetary Fund (IMF), just like El Salvador, has rejected the legal tender decision. They cited “legal, transparency and economic policy” issues.

According to CAR’s authorities they worked with its regional Central Bank as well as the World Bank during Bitcoin adoption. Although it declined to support the Sango project through investments, it did offer a $35million loan to “digitize” CAR’s public sector.

Sharing is caring!

  • Facebook
  • Twitter
  • LinkedIn
CRYPTO NEWS

Post navigation

Previous post
Next post

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest Posts

  • 7 Best Ways to Earn Free Cryptocurrency in 2023
    CRYPTO NEWS Technology

    7 Best Ways to Earn Free Cryptocurrency in 2023

    March 19, 2023
  • Breaking News: RBI and UAE Central Bank Sign MoU to Revolutionize Financial Innovation(CDBC)
    Alert CRYPTO NEWS

    Breaking News: RBI and UAE Central Bank Sign MoU to Revolutionize Financial Innovation(CDBC)

    March 19, 2023
  • BlackRock explores tokenization of stocks
    CRYPTO NEWS

    BlackRock explores tokenization of stocks

    March 19, 2023
  • How Whales Move $1 Billion Worth of USDT Off Crypto Exchanges in Just Days
    Alert CRYPTO NEWS Why Crypto down today

    How Whales Move $1 Billion Worth of USDT Off Crypto Exchanges in Just Days

    March 16, 2023
  • We are thrilled to announce that Uniswap has expanded its exchange services to the Binance Smart Chain!
    CRYPTO NEWS Technology

    We are thrilled to announce that Uniswap has expanded its exchange services to the Binance Smart Chain!

    March 16, 2023
  • India Takes Firm Action Against Cryptocurrency Crimes Under PMLA Regulations
    CRYPTO NEWS

    India Takes Firm Action Against Cryptocurrency Crimes Under PMLA Regulations

    March 15, 2023
  • Evidence Suggests Bitcoin Still Moves Lower Before New Bull Market
    Bitcoin CRYPTO NEWS

    Evidence Suggests Bitcoin Still Moves Lower Before New Bull Market

    March 13, 2023
  • Bitcoin Surges Above $24.3K Following President Biden’s Speech | Why Bitcoin up today
    CRYPTO NEWS Why Crypto Up today

    Bitcoin Surges Above $24.3K Following President Biden’s Speech | Why Bitcoin up today

    March 13, 2023
  • Litecoin’s Halving: What Investors Need to Know in 2023
    Cryptocurrency Basics Litecoin

    Litecoin’s Halving: What Investors Need to Know in 2023

    March 13, 2023
  • U.S. Treasury’s Janet Yellen Works to Prevent SVB Collapse, Not Bailout
    CRYPTO NEWS Why Crypto down today

    U.S. Treasury’s Janet Yellen Works to Prevent SVB Collapse, Not Bailout

    March 12, 2023

Recent Comments

  1. Ahmed Uphaus on अल सल्वाडोर का सकल घरेलू उत्पाद अपने इतिहास में पहली बार दो अंकों से बढ़ गया – राष्ट्रपति बिटकॉइन से संबंधित प्रौद्योगिकियों पर अधिक ध्यान केंद्रित किया है
  2. Seymour Santini on Crypto Meaning in Hindi
  3. admin on The Metaverse is Expanding and Merging The Science Fiction Elements Into Virtual Reality!
  4. Abdul Razzaq on The Metaverse is Expanding and Merging The Science Fiction Elements Into Virtual Reality!
  5. Indu vashish on What is Play To Earn Game Token?

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021

©2023 Crypto Birb | WordPress Theme by SuperbThemes