issued via Twitter, President Touadéra, whose country became the first African state to adopt bitcoin, also shared a communique outlining his country’s vision as well as the various government ministries that have seconded experts to the committee.
“15 experts from several ministries of my government make up the committee responsible for drafting a new, more comprehensive bill on the use of cryptocurrencies and offering CAR this unique opportunity for economic & technological development,” President Touadéra said in a recent tweet. The CAR leader’s latest remarks come just a few weeks after a team promoting his country’s crypto token known as the sango coin announced the postponement of the scheduled listing of the coin. Asby Bitcoin.com News, the postponement was prompted by what the team called “current market conditions.”
Before being forced to delay the listing of the coin, the Touadéra government’s coin offering suffered a major setback after a constitutional courtHowever, despite these setbacks, the CAR leader’s government has vowed to proceed with its work. Meanwhile, in the communique, the CAR government said the committee is already at work and will regularly issue progress updates.Tags in this story
People are learning & the ecosystem to self custody is getting better. We’re still very very early but this is a positive trend.
This is a big step for the Central African Republic - let's hope their initiative sets a positive precedent for other nations to follow in their examination of the benefits and potential uses of digital currencies, especially Bitcoin.
It's great to see that FaustinTouadera understands the importance of crypto to the economy. The new cryptoframework is a step forward. Can't wait to see sangocoin in action! DeFi CryptoAdoption
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