• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Monday, August 15, 2022
Online Crypto College
Advertisement
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading
No Result
View All Result
Online Crypto College
No Result
View All Result

Central African Republic to tokenize natural resources

June 5, 2022
in Altcoin
Reading Time: 3 mins read
A A
ShareShareShareShareShare
👋 Want to work with us? CryptoSlate is hiring for a handful of positions!

The Central African Republic is stepping up its blockchain adoption with a new announcement from the president revealing that the country will tokenize access to its natural resources.

President Faustin-Archange Touadéra posted the statement announcing these latest developments on his official Twitter account. The announcement explained that this is the next step for Project Sango, which the country had earlier announced.

The next step for us, the Central African Republic is the democratization & tokenization of resources, a new chapter with tremendous possibilities.

This #vision & strategy will open unique #opportunities for #investors #worldwide. #CAR #RCA pic.twitter.com/v7mzlsUeTw

— Faustin-Archange Touadéra (@FA_Touadera) June 2, 2022

Part of the statement reads:

“We are giving everyone access to the riches of our land. In other words, we are transforming them into equally valuable and important digital assets through an unprecedented new administrative, economic movement.”

Additionally, the president has directed the parliament to prepare a strategy that will create investment opportunities.

This is in the buildup to the country’s Project Sango, launched in May. International bodies like the World Bank and IMF have criticized the country’s Bitcoin adoption move. However, the government appears to be sticking to its guns.

Meanwhile, Project Sango’s website claims that the World Bank has approved a $35 million development fund for the project.

CAR is blessed with abundant natural resources, including petroleum, copper, rhodium, and diamonds. It also has other minerals like cobalt, manganese, gold, and limestone.

But the country is one of the poorest and least developed nations despite the abundance of its resources. The president believes that can change with cryptocurrency and blockchain technology adoption.

In an earlier statement President Touadéra blamed the current economic system for the country’s woes. But with the tokenization of its “massive geological treasures,” the country now has the means to create more investment opportunities and attract foreign investors.

Posted In: Africa, Adoption

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits


Credit: Source link

Related articles

Eqonex to Close it’s Crypto Exchange after Two Years

August 15, 2022

Celsius set to burn $137.2M in 3 months as bankruptcy proceedings continue

August 15, 2022
ShareTweetSendPinShare
Previous Post

Cardano’ Djed Stable Coin Will Be Available On Testnet Soon: Details

Next Post

Bermuda Courts Crypto Companies With Advanced Regulation

Related Posts

Eqonex to Close it’s Crypto Exchange after Two Years

August 15, 2022

Eqonex announced on Monday that it will be closing its crypto-exchange space after two years of service. In a statement...

Celsius set to burn $137.2M in 3 months as bankruptcy proceedings continue

August 15, 2022

Embattled crypto lender Celsius filed for Chapter 11 bankruptcy in July and filed new documents in court on Aug. 14, detailing...

This pattern indicates SHIB’s Bullish Reversal

August 15, 2022

Shiba Inu (SHIB) registered big moves over the weekend. The popular canine-themed crypto token saw a 30% jump in its...

Interlay launches Bitcoin-backed stablecoin iBTC on Polkadot network

August 15, 2022

Interlay has launched a wrapped Bitcoin asset called interBitcoin (iBTC) on the Polkadot chain. The product intends to widen BTC...

USDT supply up almost $2B over 30 days, USDC supply falls after blocking Tornado Cash linked wallets

August 15, 2022

Tether’s CTO Paolo Ardoino has identified an increase in USDTs market supply over the last 30 days compared to its...

Load More
Next Post

Bermuda Courts Crypto Companies With Advanced Regulation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SEC Recent Crypto Asset Insider Trading

August 12, 2022

Deflation And A Real Estate Market Crash – Bitcoin Magazine

August 15, 2022

Bitcoin realized price bands form key resistance as bulls lose $24K

August 9, 2022

U.S. Lawmakers Consider Requiring Large Hedge Funds to Report Crypto Holdings – CoinDesk

August 12, 2022

SEC, CFTC may seek crypto exposure reports from hedge funds

August 10, 2022

About Us

This is an online news portal that aims to provide the latest Crypto news, Altcoins, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Peter Schiff Warns US Faces a ‘Massive Financial Crisis,’ Economist Expects Much Larger Problems Than 2008 ‘When the Defaults Start’ – Economics Bitcoin News
  • Eqonex to Close it’s Crypto Exchange after Two Years
  • Galaxy Digital Back Pedal On $1.2 Billion Deal For Bitgo Acquisition, Bitgo To Seek $100 Million In Damages

Newsletter

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 - OnlineCryptoCollege.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Crypto News
    • Bitcoin
    • Altcoin
  • Blockchain
  • Regulation
  • Trading
  • Learn Crypto
    • Free Crypto Training
    • iCoinPro Crypto Trading

© 2018 JNews by Jegtheme.

  • bitcoinBitcoin(BTC)$24,024.00-1.36%
  • ethereumEthereum(ETH)$1,905.04-1.98%
  • tetherTether(USDT)$1.00-0.04%
  • usd-coinUSD Coin(USDC)$1.00-0.13%
  • binancecoinBNB(BNB)$318.79-0.17%
  • cardanoCardano(ADA)$0.55-2.83%
  • rippleXRP(XRP)$0.374621-1.08%
  • Binance USDBinance USD(BUSD)$1.00-0.26%
  • SolanaSolana(SOL)$43.84-3.25%
  • dogecoinDogecoin(DOGE)$0.077126-3.72%
  • polkadotPolkadot(DOT)$8.79-2.03%
  • Shiba InuShiba Inu(SHIB)$0.000016-6.18%
  • Lido Staked EtherLido Staked Ether(STETH)$1,855.79-2.18%
  • AvalancheAvalanche(AVAX)$27.63-2.28%
  • matic-networkPolygon(MATIC)$0.96-4.85%
  • daiDai(DAI)$1.00-0.01%
  • tronTRON(TRX)$0.069076-2.18%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$24,054.00-0.98%
  • ethereum-classicEthereum Classic(ETC)$41.42-0.68%
  • OKBOKB(OKB)$21.63-0.30%
  • leo-tokenLEO Token(LEO)$5.365.45%
  • litecoinLitecoin(LTC)$60.67-4.14%
  • FTXFTX(FTT)$30.900.28%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.42-3.15%
  • chainlinkChainlink(LINK)$8.68-1.21%
  • CronosCronos(CRO)$0.153021-0.21%
  • UniswapUniswap(UNI)$8.45-4.36%
  • cosmosCosmos Hub(ATOM)$11.41-1.99%
  • stellarStellar(XLM)$0.123428-1.77%
  • moneroMonero(XMR)$163.49-0.62%
  • FlowFlow(FLOW)$2.74-3.78%
  • bitcoin-cashBitcoin Cash(BCH)$136.78-2.19%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.22%
  • algorandAlgorand(ALGO)$0.358875-2.03%
  • vechainVeChain(VET)$0.031425-2.69%
  • filecoinFilecoin(FIL)$8.17-0.08%
  • Internet ComputerInternet Computer(ICP)$7.78-2.72%
  • ApeCoinApeCoin(APE)$6.29-1.62%
  • decentralandDecentraland(MANA)$1.07-0.49%
  • ChainChain(XCN)$0.084180-1.22%
  • The SandboxThe Sandbox(SAND)$1.31-2.03%
  • HederaHedera(HBAR)$0.078173-1.33%
  • Axie InfinityAxie Infinity(AXS)$18.29-2.48%
  • tezosTezos(XTZ)$1.820.41%
  • QuantQuant(QNT)$114.24-5.67%
  • AaveAave(AAVE)$107.650.13%
  • theta-tokenTheta Network(THETA)$1.50-2.37%
  • Lido DAOLido DAO(LDO)$2.68-1.02%
  • FraxFrax(FRAX)$1.001.18%
  • ElrondElrond(EGLD)$60.77-2.92%