NEW: Central African Republic teases 'Project Sango' crypto hub By AJRummer
There was no confirmation of the Facebook post on the Twitter account of Faustin-Archange Touadéra, CAR's president. Although he hadon Saturday that"very soon we will announce the next planned phase" with the hashtag #bitcoin.
According to the presentation, which is filled with images of undulating skyscrapers and sailboat-dotted lakes, the Sango project involves creating"the first legal crypto hub recognized by a country's parliament." CAR's plans include founding a Digital Nation Bank, facilitating land purchases in bitcoin, and developing a crypto wallet.
The government will support crypto firms' access to natural resources such as gold, diamonds and uranium and institute a"citizenship by investment" program with zero-rate tax on income and businesses, according to the presentation. The landlocked African nation ranks among the least developed economies in the world with agriculture the largest contributor to its GDP. According to World Bank, CAR’s economic output stood at only $2.38 billion as of 2020 and the country ranks near the bottom of the United Nation’s Human Development Index.
Last month, CAR became the first African nation to adopt bitcoin as an official currency, alongside the France-backed CFA franc.© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Central Africa Republic's Bitcoin Adoption: The Real Work Must Start Now – Op-Ed Bitcoin NewsProponents of bitcoin and supporters of an alternative financial system are adamant the Central Africa Republic’s decision proves digital currencies have a role to play. bitcoin digitalcurrency
Lire la suite »
The Best Crypto Marketing Agencies for Advertising Cryptocurrency Projects in 2022 | HackerNoon'The Best Crypto Marketing Agencies for Advertising Cryptocurrency Projects in 2022' by crypto_unfolded cryptomarketing advertisingcryptoproducts
Lire la suite »
Central African Republic's Bitcoin Adoption: The Real Work Must Start Now – Op-Ed Bitcoin NewsOn top of educating its population, the CAR needs to work with players in the crypto space like cryptocurrency exchanges, payment processors, and wallet providers. cryptoexchange
Lire la suite »
Join The Crypto Message Board At Gravity TodayCongrats BNBCHAIN for being the first project to reach 100,000 followers on Gravity! 🚀🚀🚀 We appreciate the helpful content you've been providing our users. Looking forward to seeing more milestones to come 🔥 👉 Follow BNBCHAIN on Gravity:
Lire la suite »
How Cryptocurrency Can Help Deliver High-quality Video to Your Home | HackerNoonThe article is about how you can use a crypto project to deliver high-quality video to the end consumer faster and cheaper.
Lire la suite »
Congress launches ethics investigation into Rep. Madison Cawthorn's crypto activitiesThe US House Committee on Ethics will investigate whether congressman Madison Cawthorn promoted a crypto project he had an undisclosed interest in.
Lire la suite »