Central African Republic To Launch Bitcoin, Crypto Hub Today

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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. Touadéra tweeted in support of Sango on Tuesday.

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