Central African Republic delays crypto token listing, cites 'market conditions'

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 66%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

LONDON : The Central African Republic, which adopted bitcoin as legal tender in April, said on Monday it had delayed listing its national cryptocurrency token, citing 'current market conditions' and 'marketing reasons.'A plan to list the Sango Coin on as-yet unspecified crypto exchanges has been shelved u

LONDON : The Central African Republic, which adopted bitcoin as legal tender in April, said on Monday it had delayed listing its national cryptocurrency token, citing"current market conditions" and"marketing reasons."

Asked about a government initiative to allow foreign investors to buy citizenship for $60,000 worth of Sango Coins, an unidentified moderator on the channel said"more updates about this will be made next month."The war-torn country launched the Sango in July aiming to raise almost $1 billion over the next year, according to its investment website, despite questions about its transparency and a downturn in global crypto markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in CA

Canada Canada Latest News, Canada Canada Headlines