The "Sango Coin", described as a "national digital currency" will go on sale on July 21 with a minimum investment of $500 to be paid in cryptocurrencies, including bitcoin and ethereum, according to the country's Sango investment website.
The doubts and what has been labelled the "crypto winter" do not seem to have lessened the Central African Republic government's enthusiasm for its scheme. El Salvador last September became the first country to make bitcoin a legal tender, alongside the U.S. dollar, despite criticism by the IMF and credit agencies.In the Central African Republic's initiative, foreign investors will be able to buy citizenship for $60,000 worth of crypto, with the equivalent Sango Coins held as collateral for five years, and "e-residency" for $6,000, held for three years, according to the Sango website.
Whoever is Lobbying for this Crypto should have Invested more in the Security of this Volatile Country First or Else they want to make Headlines in Western Papers
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Central African Republic to start selling Sango Coin cryptocurrencyThe ‘Sango Coin’, described as a national digital currency will go on sale on July 21 with a minimum investment of $500 to be paid in cryptocurrencies, including bitcoin and ethereum
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