• Home
  • Bitcoin
  • Crypto
  • Altcoins
  • NFT
  • Defi
  • Ripple
  • Ethereum
What's Hot

Solana’s staking metric has some good news for SOL holders

October 8, 2022

Binance Coin: How BNB buyers can capitalize on this breakout rally

October 8, 2022

Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

October 7, 2022
Facebook Twitter Instagram
  • Home
  • Bitcoin

    Bitcoin price has hit bottom; coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

    August 21, 2022

    Uniswap Blocked 253 Crypto Addresses, Here’s Why

    August 21, 2022

    Runfy and Decentraland – Crypto Projects That Deliver Unique Blockchain-Based Services To Their Users

    August 20, 2022

    Hackers steal crypto from Bitcoin ATMs by exploiting zero-day bug

    August 20, 2022

    Why Bitcoin traders holding long positions may expect BTC’s downfall to be short-lived

    August 20, 2022
  • Crypto

    Why Bitcoin Is Digital Real Estate – Bitcoin Magazine

    August 21, 2022

    Bitcoin [BTC] traders must sit tight without expecting short-term gains because…

    August 21, 2022

    FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange – Regulation Bitcoin News

    August 21, 2022

    The Most Profitable Buy Signal In Bitcoin Just Triggered

    August 20, 2022

    3 reasons why the Bitcoin price bottom is not in

    August 20, 2022
  • Altcoins

    Solana’s staking metric has some good news for SOL holders

    October 8, 2022

    Binance Coin: How BNB buyers can capitalize on this breakout rally

    October 8, 2022

    Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

    October 7, 2022

    Crypto Price Today: Bitcoin barely holds $20,000 mark; altcoins trade lower

    October 7, 2022

    3 Altcoins that could be profitable: Cardano, Avalanche & Big Eyes Coin

    October 7, 2022
  • NFT

    Liquidation Fears Mount as BAYC NFTs Floor Price Drops

    August 21, 2022

    Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability

    August 21, 2022

    What are They and Why are They So Popular?

    August 21, 2022

    How NFTs are giving everyone the chance to be an art collector

    August 21, 2022

    VeeFriends Drop Surprise NFTs: Iconics With Gilang Bogy

    August 21, 2022
  • Defi

    Top Three DeFi Cryptocurrency To Buy Now – Solana, Uniswap, and HachiFi

    August 22, 2022

    Meet the Sleuthing Firm Helping DeFi Projects Stay Compliant With Tornado Cash Sanctions

    August 21, 2022

    KyberSwap Integrating Chainlink Price Feeds for DAO and DeFi

    August 21, 2022

    Africa fintech and crypto leaders to connect in Ghana-1

    August 21, 2022

    Stellar-Based DeFi Lumenswap (LSP) Activates Smart Order Routing System. Why Is This Important?

    August 21, 2022
  • Ripple

    Ukraine: Six months in, IFRC warns of ripple effects and mounting humanitarian needs

    August 23, 2022

    Ripple to Pakistani Rupee on August 23, 2022

    August 23, 2022

    Crikey’s Lachlan Murdoch move ripples around the world

    August 23, 2022

    Beware the ripple effects from Europe’s new energy crisis and China’s economic slowdown

    August 23, 2022

    Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Knife Catching 102

    August 22, 2022
  • Ethereum

    SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same

    August 22, 2022

    Ronin Hackers Move The Stolen Ethereum And Bitcoin Using Mixers

    August 22, 2022

    Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

    August 22, 2022

    Crypto markets scramble for recovery before the next crash

    August 22, 2022

    Ethereum Killers Avalanche, BNB Set to Soar More Than 112%, Could Proprivex Follow Suit?

    August 22, 2022
Facebook Twitter Instagram
Crypto Investment Watch
  • Home
  • Bitcoin

    Bitcoin price has hit bottom; coldest days of Crypto Winter are over – Ran Neuner and Steven Sidley

    August 21, 2022

    Uniswap Blocked 253 Crypto Addresses, Here’s Why

    August 21, 2022

    Runfy and Decentraland – Crypto Projects That Deliver Unique Blockchain-Based Services To Their Users

    August 20, 2022

    Hackers steal crypto from Bitcoin ATMs by exploiting zero-day bug

    August 20, 2022

    Why Bitcoin traders holding long positions may expect BTC’s downfall to be short-lived

    August 20, 2022
  • Crypto

    Why Bitcoin Is Digital Real Estate – Bitcoin Magazine

    August 21, 2022

    Bitcoin [BTC] traders must sit tight without expecting short-term gains because…

    August 21, 2022

    FDIC Issues Crypto-Related Cease and Desist Orders to 5 Companies Including FTX US Exchange – Regulation Bitcoin News

    August 21, 2022

    The Most Profitable Buy Signal In Bitcoin Just Triggered

    August 20, 2022

    3 reasons why the Bitcoin price bottom is not in

    August 20, 2022
  • Altcoins

    Solana’s staking metric has some good news for SOL holders

    October 8, 2022

    Binance Coin: How BNB buyers can capitalize on this breakout rally

    October 8, 2022

    Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

    October 7, 2022

    Crypto Price Today: Bitcoin barely holds $20,000 mark; altcoins trade lower

    October 7, 2022

    3 Altcoins that could be profitable: Cardano, Avalanche & Big Eyes Coin

    October 7, 2022
  • NFT

    Liquidation Fears Mount as BAYC NFTs Floor Price Drops

    August 21, 2022

    Service by NFTs, Disclosure Orders Against Crypto Exchanges, and Potential Constructive Trustee Liability

    August 21, 2022

    What are They and Why are They So Popular?

    August 21, 2022

    How NFTs are giving everyone the chance to be an art collector

    August 21, 2022

    VeeFriends Drop Surprise NFTs: Iconics With Gilang Bogy

    August 21, 2022
  • Defi

    Top Three DeFi Cryptocurrency To Buy Now – Solana, Uniswap, and HachiFi

    August 22, 2022

    Meet the Sleuthing Firm Helping DeFi Projects Stay Compliant With Tornado Cash Sanctions

    August 21, 2022

    KyberSwap Integrating Chainlink Price Feeds for DAO and DeFi

    August 21, 2022

    Africa fintech and crypto leaders to connect in Ghana-1

    August 21, 2022

    Stellar-Based DeFi Lumenswap (LSP) Activates Smart Order Routing System. Why Is This Important?

    August 21, 2022
  • Ripple

    Ukraine: Six months in, IFRC warns of ripple effects and mounting humanitarian needs

    August 23, 2022

    Ripple to Pakistani Rupee on August 23, 2022

    August 23, 2022

    Crikey’s Lachlan Murdoch move ripples around the world

    August 23, 2022

    Beware the ripple effects from Europe’s new energy crisis and China’s economic slowdown

    August 23, 2022

    Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Knife Catching 102

    August 22, 2022
  • Ethereum

    SWIFT considered ‘neutral’ on sanctions; debate sparked on whether Ethereum is the same

    August 22, 2022

    Ronin Hackers Move The Stolen Ethereum And Bitcoin Using Mixers

    August 22, 2022

    Ethereum Classic’s hashrate reached an all-time high, should you buy ETC?

    August 22, 2022

    Crypto markets scramble for recovery before the next crash

    August 22, 2022

    Ethereum Killers Avalanche, BNB Set to Soar More Than 112%, Could Proprivex Follow Suit?

    August 22, 2022
Crypto Investment Watch
Home»Bitcoin»Central African Republic To Launch Bitcoin, Crypto Hub
img_6240.png
Bitcoin

Central African Republic To Launch Bitcoin, Crypto Hub

adminBy adminMay 24, 2022No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Central African Republic (CAR), the second country in the world to adopt bitcoin as a legal currency after El Salvador, plans to develop a hub to attract cryptocurrency businesses and enthusiasts to the nation.

The initiative, coined Sango, was started by the CAR National Assembly with support by President Faustin-Archange Touadéra, per a 24-page document detailing the project’s goals. Sango seeks to “pave the way to a digital future of endless possibilities,” per its webpage. Toua déra tweeted in support of Sango on Tuesday.

In addition to building a legal Bitcoin and cryptocurrency hub recognized by its parliament, Sango aims to take “the Bitcoin legacy to the next level” and institute a “cryptocurrency economic zone” in the Sango Island – where users will be able to propose, view and contribute to its future developments.

According to the document, CAR’s plans include “facilitating land acquisition in bitcoin for investors worldwide” and creating a Digital National Bank. The government said in the document that it will also “fully support” access to the country’s natural resources such as gold, diamonds , uranium, lithium and oil.

Sango’s legal framework will include an e-residency program, citizenship by investment, online business registration and no income or corporate tax, per the document. CAR plans to devise this dedicated legal framework before the end of 2022.

The document also mentions the creation of a Bitcoin wallet to send, receive and store BTC that will be compatible with the Lightning Network, Bitcoin’s second-layer protocol for cheaper and faster payments. The wallet will also be compatible with point-of-sale ( PoS) for businesses to accept bitcoin payments and feature an integrated accounting system.

CAR also plans to finalize the Central African Backbone (CAB) internet interconnection before the end of the year to power its “entire digital transformation,” it said in the document.

CAR last month became the second country in the world to adopt bitcoin as legal tender after El Salvador pioneered in the global scene with its Bitcoin Law in September 2021.

The Sango hub news comes to bring foreign investors to the country, likely in an attempt to further develop a nation that has one of the lowest GDPs, according to World Bank data.

..

African Bitcoin Bitcoin Adoption Bitcoin Economic Zone Business Central Central African Republic crypto Hub income tax Launch Legal tender news news Republic
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

October 7, 2022

Crypto Price Today: Bitcoin barely holds $20,000 mark; altcoins trade lower

October 7, 2022

3 Altcoins that could be profitable: Cardano, Avalanche & Big Eyes Coin

October 7, 2022

Tracking the crypto asset market

October 7, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Demo

Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Solana’s staking metric has some good news for SOL holders

October 8, 2022

Binance Coin: How BNB buyers can capitalize on this breakout rally

October 8, 2022

Crypto Analyst Issues Warning to Traders on Binance Coin (BNB), Predicts Timeline for Ethereum’s Next Big Move

October 7, 2022
Get Informed

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram Pinterest
© 2023 Crypto Investment Watch.

Type above and press Enter to search. Press Esc to cancel.