Huge Crypto Announcement from Africa Over the Weekend

in #crypto3 months ago (edited)

"The Country Treasury will have a dedicated Bitcoin reserve."
"The solution is bitcoin and cryptocurrencies."

Groundbreaking: the Central African Republic presented their plans for a blockchain-focused monetary overhaul in a project called "Sango."

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It includes a metaverse, digital ID, assets such as land and minerals tracked on-chain, and a native token (backed by BTC) called SangoCoin.

Learn more here: https://sango.org/

Watch the presentation here:

Perhaps most exciting is the proposal of a "CryptoCity & Crypto Island" in Bangui, Central African Republic’s capital. They want to attract crypto-entrepreneurs with tax-free incentives.

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It's so early in the space, who knows if this will succeed? But either way, it's an ambitious statement of where developing nations are looking for new opportunities.

Finally, I live-tweeted the announcement event, for more details: