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Central African Republic delays crypto token listing, cites 'market conditions'www.reuters.com/article/centralafrica-crypto-idAFL8N3394A1
105 sats \ 3 comments \ @KenyaCoin 20 Dec 2022 bitcoin
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30 sats \ 1 reply \ @pi 20 Dec 2022
'bitcoin legal tender in CAR', was a lie from the start, with so many red flags! The intention was clearly to mislead the public.
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0 sats \ 0 replies \ @KenyaCoin OP 21 Dec 2022
Well, maybe at the onset they had intent to try what El Salvador had done, but then things got weird when BEAC reminded CAR of their "monetary cooperation agreements (with France)":
Feels like there's a story here that didn't get much media coverage. Does that mean the "bitcoin becomes legal tender" law in Central Africa Republic gets repealed? That's what @TheAfricaReport is reporting.
https://www.businessincameroon.com/finance/2207-12698-beac-to-oversee-cars-cryptocurrency-project
https://twitter.com/KenyaCoin/status/1552669245288448000 [Nitter]
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0 sats \ 0 replies \ @KenyaCoin OP 20 Dec 2022
Central African Republic, with poor access to the internet and electricity, became the first African state to make bitcoin legal tender in April, following El Salvador in September 2021.
Only $1.66 million worth of the Sango has been sold, after achieving about 7.9% of its first sale target and just 0.01% of its second so far, according to Reuters calculations based on data on the Sango website.
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