Fun

News Feed - 2023-08-22 06:08:00

Derek Andersen2 hours agoCentral African Republic expands Sango project to land, resource tokenizationAsset tokenization has been in the works for a year. The ambitious project has also included investor citizenship and an island in the metaverse.578 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksThe Central African Republic (CAR) has extended its Sango blockchain project to tokenization of its land and natural resources. The country, one of the poorest and most crypto-friendly in the world, is one of the most active in crypto innovation.


According to an announcement posted on X (formerly known as Twitter), the CAR National Assembly passed a law on tokenizing land and natural resources on July 24. Among other provisions of the law, it will make it possible to obtain business visas online and allow citizens and foreigners to set up businesses “easily” and obtain licensing in real estate, agriculture, natural resource exploitation and forestry. The statement said the law was "unanimously approved."


The CAR had announced its intentions to tokenize its natural resources last year, not long after the launch of Project Sango in May 2022. The Sango Project also called for the creation of its own Crypto Island Metaverse.


Related: Commodity tokenization is the economic aid Africa needs


The CAR’s efforts to position itself in the vanguard of crypto adoption has faced significant obstacles. The CAR was the first country in Africa, and second country worldwide, to adopt Bitcoin (BTC) as a national currency in April 2022. It reportedly repealed its status in May of this year. The country also launched its own cryptocurrency, the Sango in an effort to displace the CFA (Financial Community of Africa) franc. The Sango was not intended to be a central bank digital currency.The Sango logo imposed over Bitcoin"s. Source: the Sango website


The Sango faced several obstacles before its launch, including the rejection of the Sango-linked citizenship program by the Constitutional Court. Nonetheless, the citizenship program, which costs $60,000 in Sango, remains on offer on the Sango Project website. The country is also considering the introduction of other cryptocurrencies.


The International Monetary Fund, which opposed the CAR’s adoption of Bitcoin, estimates the country’s GDP growth at 2.2% this year.The SANGO Project"s Next Chapter

Exciting news! The Central African Republic is ushering in a new era of #financial empowerment through #blockchain technology.

Guided by the visionary leadership of President Professor @FA_Touadera , we"re ready to make a global impact. pic.twitter.com/m1jYjsvc0q— Sango (@sangoproject) August 21, 2023


Magazine: Bitcoin in Senegal: Why is this African country using BTC?# Assets# Adoption# Tokens# Central African Republic# SangoAdd reactionAdd reactionRead moreWhat are NFT royalties, and how do they work?How to buy Bitcoin with Cash App5 strategies to mitigate side channel attacks on cryptocurrency hardware wallets

News Feed

Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods
Mastercard Payment Index: More Consumers in Three African Countries Plan to Use Crypto Based Payment Methods According to a recent Mastercard payment index repor
Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million
Bitcoiner Loses Password to 7,002 Bitcoins Worth $240 Million A bitcoiner has shared his story of how he lost access to his 7,002 bitcoins, worth about $240 mill
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says
Digital Euro Should Be Attractive But Not ‘Too Successful,’ ECB’s Panetta Says The digital euro should be an attractive means of payment but its design should prevent it from
Ethereum price lags due to ‘weaker capital rotation,’ but crypto macro uptrend remains
Nancy Lubale3 hours agoEthereum price lags due to ‘weaker capital rotation,’ but crypto macro uptrend remainsETH price has underperformed Bitcoin, but Glassnode analysts say data suggests the crypto market remains in
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’ During the first week of November, the World Gold Council’s (WGC) report that covered last quarter&#
Zhiyuan Sun14 hours agoDairy Queen opens NFT pop-up store in ChinaThe pop-up nonfungible token store, co-sponsored by Weirdo Ghost Gang, will run until the end of the year.1567 Total views5 Total sharesListen to article
Brazilians may soon need to stump up taxes on crypto held abroad
Derek Andersen8 hours agoBrazilians may soon need to stump up taxes on crypto held abroadThe new rules would make income from crypto held on exchanges outside Brazil taxable at the same rate as local income.5415 Total vi
Want Bitcoin to Moon? You’d Better Start Buying Stocks
Want the Bitcoin price to surge to new highs? You"d better start buying stocks - or at least invest in an S&P 500 index fund. | Source: Scott Olson / Getty Images / AFPIt seems
Curve Finance reduces CRV emissions, boosting DAO sustainability
Josh O"Sullivan11 hours agoCurve Finance reduces CRV emissions, boosting DAO sustainabilityCurve Finance’s CRV token emissions reduced to 137 million annually, while Curve DAO’s earnings surpassed emissions for the f
$250K Bitcoin? Tim Draper says halving, Bitcoin ETFs will drive demand
Gareth Jenkinson2 hours ago$250K Bitcoin? Tim Draper says halving, Bitcoin ETFs will drive demandVenture capitalist Tim Draper believes Bitcoin remains a vital hedge against devaluing fiat currencies.2072 Total views6 To
Korean MMORPG MapleStory opens gaming experience on Avalanche
Zhiyuan Sun10 hours agoKorean MMORPG MapleStory opens gaming experience on AvalancheThe game was created in 2003 and has had over 180 million user signups since its inception.4924 Total viewsListen to article 0:00NewsOwn
Commodity Analyst Mike McGlone Suggests ‘Bitcoin Appears Poised to Resume Its Inclination to Outperform’
Commodity Analyst Mike McGlone Suggests "Bitcoin Appears Poised to Resume Its Inclination to Outperform" Bloomberg Intelligence senior commodity analyst, Mike McGlone, believes a &