It's amusing to me how shitcoining is so obviously the same at the Twitter influencer level and the nation-state/central bank level. What is less amusing is the thousands of innocent lives being wrecked through investing in worthless tokens with catastrophically bad tokenomics.
The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:
The Bank of Central African States, which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic, will become the first regional bank to introduce a virtual currency.
The proposal comes after the central bank’s strong opposition for the Central African Republic’s adoption of Bitcoin as legal tender this year.
The central bank should also develop a common framework regulating cryptocurrencies, it said.
This is just an attempt to stop Bitcoin adoption, they realise they're loosing the fight, so they try to lure people in to shitcoins.
It's amusing to me how shitcoining is so obviously the same at the Twitter influencer level and the nation-state/central bank level. What is less amusing is the thousands of innocent lives being wrecked through investing in worthless tokens with catastrophically bad tokenomics.
The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:
Central African Regional Bank Seeks Common Digital Currency
https://www.bloomberg.com/news/articles/2022-07-22/central-african-regional-bank-seeks-common-digital-currency
There is an article on CoinDesk on this but it's essentially just an edit of the Bloomberg article.
Bank of Central African States Urged to Introduce Common Digital Currency: Report
https://www.coindesk.com/business/2022/07/22/bank-of-central-african-states-urged-to-introduce-common-digital-currency-report/