President Faustin-Archange Touadéra of the Central African Republic launched Sango Coin as the country’s national cryptocurrency in a virtual event broadcast on Sunday.
The virtual event, dubbed the “Sango Genesis Event,” saw the country’s president enumerate plans for bitcoin and crypto utilization.
“Sango Coin will be the next-generation currency for [the] Central African Republic,” President Touadéra stated in his address.
The landlocked African country became the first on the continent to recognize bitcoin as an official currency in April.
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Osato is a reporter at The Block who likes to cover DeFi, NFTS, and tech-related stories. He has previously worked as a reporter for Cointelegraph. Based in Lagos, Nigeria, he enjoys crosswords, poker, and attempting to beat his Scrabble high score.
