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Central African Republic delays cryptocurrency listing
What’s happened? In late December 2022 the Central African Republic announced a delay to the planned listing of its “national digital currency”—Sango Coin—on a cryptocurrency exchange until the first quarter of 2023. Further delays to the listing are likely, and we expect that investment flows into Sango Coin will remain low. Why does it matter? Following the official launch of the Sango Coin project in July 2022, the government called the adoption of cryptocurrency as legal tender (alongside the CFA franc) “a decisive step towards opening up new opportunities for our country”. However, given the ... (full story)
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- Posted: May 26, 2023 7:12am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 57
