Central African Republic Advances in Crypto Adoption with Land Tokenization and Sango Blockchain Initiatives

For a year now, the Central African Republic (CAR) has been actively working on asset tokenization as part of its bold Sango blockchain initiative, which also encompasses investor citizenship and a virtual island in the metaverse. The CAR, despite being economically challenged, is a front-runner in embracing crypto technology.



On July 24, the CAR's legislative body enacted a law focused on the tokenization of land and natural resources, as revealed in an announcement on X, previously known as Twitter. This legislation will streamline the process for obtaining business visas online and facilitate both citizens and foreign nationals in setting up businesses with less hassle in sectors like real estate, agriculture, natural resource management, and forestry. The law received unanimous support in the National Assembly.



The CAR


First found on: https://coinatory.com/2023/08/22/central-african-republic-crypto-sango/?utm_source=BG&utm_medium=Blogger+Some+Crypto+Blog&utm_campaign=SNAP