Post
Topic
Board Economics
Merits 1 from 1 user
Re: Bitcoin Legal Tender in Central African Republic
by
d5000
on 30/06/2025, 19:32:42 UTC
⭐ Merited by JayJuanGee (1)
anything new ?
Unfortunately, it seems "not really".

In February, the Central African Republic's government seems to have launched a memecoin. According to this BBC article however it was not a success, and it seems also to have been unclear who benefitted -- it could have been more like the Trump memecoin, benefitting the presidential family.

Also according to the BBC article, the Sango website is not longer working. I visited it and that nice text is displayed:

Quote from: sango.org
The original Sango project, as it was first envisioned, will not continue in its previous form.

After careful consideration and strategic planning, we are preparing a new direction that honors the initial ambition, but adapts it to a stronger, more viable path forward.

Very soon, we will reveal a complete transformation, one that merges innovation, real-world utility, and a future-ready vision for the Central African Republic.

Hard to believe Grin

I really can't understand how the CAR government wasn't able to at least take some benefit from the news hype around their crypto law. I get that the country's infrastructure is extremely poor, but the potential to establish itself at least as a regional crypto haven would have been high -- a couple of BTC exchanges established in the capital, at least, could have significantly moved the GDP.