{"id":15915,"date":"2022-05-30T10:50:47","date_gmt":"2022-05-30T08:50:47","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=15915"},"modified":"2022-05-30T11:42:15","modified_gmt":"2022-05-30T09:42:15","slug":"central-african-republic-announces-imminent-launch-of-bitcoin-legal-investment-centre-first-of-its-kind-in-africa","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2022\/05\/30\/central-african-republic-announces-imminent-launch-of-bitcoin-legal-investment-centre-first-of-its-kind-in-africa\/","title":{"rendered":"Central African Republic Announces Imminent Launch of Bitcoin &#8216;Legal Investment Centre&#8217;, First of Its Kind in Africa"},"content":"\n  \n    \n      \nThe presidency of the Central African Republic announced, in a press release published on the evening of May 23, the imminent launch of a &#8220;legal investment center&#8221; in bitcoins, the first of its kind in Africa.\n\n    \n  \n\n\n  \n    \n      \nCalled \u201cSANGO\u201d, this bitcoin investment platform will soon be officially launched, the same source said.\n\n    \n  \n\n\n  \n    \n      \n\u201cThe formal economy is no longer an option. Impenetrable bureaucracy keeps us stuck in systems that offer no chance of performing. The solution was to rethink our economic philosophy,\u201d President Faustin-Archange Touad\u00e9ra said in the statement.\n\n    \n  \n\n\n  \n    \n      \n\u201cThe SANGO project goes beyond politics and administration. It is a new mode of economic governance and a vehicle for alternative digital investments, presenting minimal risk and great fluidity and adaptability specific to the new digital era in which the world finds itself today,\u201d he said. added, without further details.\n\n    \n  \n\n\n  \n    \n      \nNo details were revealed on when the investment center will open or how it will operate. It has a website where interested investors can join a waiting list.\n\n    \n  \n\n\n  \n    \n      \nThe second least developed country in the world according to the UN, the Central African Republic became last April the first country in Africa and only the second in the world (after El Salvador) to adopt Bitcoin as its official currency, despite warnings of the International Monetary Fund (IMF).\n\n    \n  \n\n\n  \n    \n      \nThe Central African Banking Commission (COBAC), the institution through which the Common Central Bank of CEMAC countries (BEAC) regulates banking activities, recalled that it is &#8220;prohibited to convert, settle or to cover in currency or FCFA, transactions relating to cryptocurrencies or having a link with them\u201d.\n\n    \n  \n\n","author":116,"featured_media":15916,"comment_status":"open","ping_status":"closed","template":"","tags":[699,752,763,698],"location":[505],"class_list":["post-15915","news","type-news","status-publish","has-post-thumbnail","hentry","tag-economy","tag-government","tag-investment","tag-news","location-africa"],"short_url":"https:\/\/bit.ly\/3wP6OG0","have_related_news":"done","chapo":"<p class=\"p1\">A month after making Bitcoin legal tender, the Central African Republic is expanding the adoption of digital finance by launching a parliament-recognized cryptocurrency investment hub.<\/p>","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/05\/bitcoin-1-550x360.jpg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/05\/bitcoin-1-550x360.jpg 550w","sizes":"550px","alt":"bitcoin 1","width":550,"height":360,"ratio":0.67,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/05\/bitcoin-1-987x658.jpg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2022\/05\/bitcoin-1-987x658.jpg 1170w","sizes":"1170px","alt":"bitcoin 1","width":1170,"height":658,"ratio":0.67,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - 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