If they can simply remove the ID requirement to buy a SIM card that would have significant impacts. But think they'll just sell this to shitcoiners and the citizenry will never have any chance to interact at all.

nerd2ninja

bitcoin

Central African Republic launches national cryptocurrency called 'Sango Coin'

siggy47

As long as there are no restrictions on using bitcoin in commerce (i.e., remain free to buy bitcoin, sell bitcoin, pay in bitcoin, and be paid in bitcoin) then all is not lost.

What could very well happen though is this Sango Coin gets its issuance inflated ... and the "bitcoin backing" shrinks in relation, then then the population and the media blame bitcoin for the loss of investment in Sango Coin.

And by making "Sango Coin" the "national currency" (which is from the article in the Block, and perhaps not from the video -- so maybe that isn't actually what was said), if this is used in commerce by residents, then they are the bagholders when it loses value due to inflation of the currency stock.

But this will be interesting to watch, for sure.