News Explorer — Central African Republic Eyes Tokenizing Its Natural Resources

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Aug 24, 1:34 am

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Central African Republic Eyes Tokenizing Its Natural Resources

The Central African Republic (CAR) has laid the groundwork for tokenizing its natural resources, aiming to position itself as a preferred business destination in Africa. The CAR's legislative body has approved the tokenization of land and natural resources, while also introducing streamlined online business license and electronic visa applications. The Sango project, which launched last year, aims to enable investment in CAR through Sango Coin, a state-issued token backed by Bitcoin on a separate sidechain network.

The Central African Republic (CAR) has laid the groundwork for tokenizing its natural resources, aiming to position itself as a preferred business destination in Africa. The CAR's legislative body has approved the tokenization of land and natural resources, while also introducing streamlined online business license and electronic visa applications. The Sango project, which launched last year, aims to enable investment in CAR through Sango Coin, a state-issued token backed by Bitcoin on a separate sidechain network.

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