Ahead of the Sango crypto hub launch, Central African Republic President Faustin-Archange Touadera emphasized that “for us, the formal economy is no longer an option.'
and global crypto talent/enthusiasts, ramp up local BTC adoption and oversee the rollout of crypto regulatory frameworks and infrastructure. A Metaverse platform dubbed “The Crypto Island” and Sango Coin is also in the works.
One of the key points President Touadera emphasized was financial inclusion and the importance of citizens being able to gain access to crypto via a smartphone easily. He drew comparisons with the underutilized banking sector in CAR, which has several barriers to entry:
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