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

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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.

 

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