Bitcoin legal currency in the Central African Republic: the country wants to tokenize its mineral resources

Gold, diamonds, uranium and copper in tokens? – The Central African Republic followed the example of saviordoing Bitcoin (BTC) is a legal tender currency April 21, 2022. His project Sango wants to go much further, developing the country’s economy thanks to cryptocurrencies. One of these ways has just been exposed by the president Faustin-Archangel Touadera : this is the tokenization mineral resources in the Central African Republic.

Bitcoin as a currency and tokens to symbolize its assets?

Given that Bitcoinand cryptocurrencies in general, they can be easily transferred from one end of the world to the other, it may seem like a good solution for attracting capital. Furthermore, these transfers are very fast and cheap compared to international wire transfers.

After El Salvador, it is the Central African government that seems to have fully understood these advantages. President Faustin-Archangel Touadera is very optimistic about the possible contributions of Bitcoin and cryptocurrencies to the Central African Republic.

The Central African leader now wants his nation to consider the digitization on blockchain (tokenization) of the rich resources buried in the country’s soil:

“The next step for us, the Central African Republic, is the democratization and tokenization of resources. A new chapter with enormous possibilities.
This vision and strategy will open up unique opportunities for investors around the world. “

Twitter account @FA_Touadera

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Buy gold or Central African oil tokens from anywhere in the world?

The digitization of the Central African Republic’s natural resources would make them accessible everywhere around the planet. These investments, in turn, provide the Central African Republic with the means to do so to grow up.

President Touadéra clearly shows his enthusiasmthrough a press release release published on his official Twitter account (excerpt below):

“By choosing to speak the language of the universal currency, Bitcoin, we want to offer a win-win opportunity for all those who believe in our chances of success. (…) We have a precious capital for this, our natural resources. (…) We will turn them into equally valuable digital assets. (…) Gold, iron, diamonds, lignite (coal), copper, uranium, lithium, (…) oil and rhodium are first-rate resources. “

This tokenization of the wealth of the Central African subsoil will be part of the project Sango of “cryptomonization” of the country. The Central African Republic remains bruised and impoverished for several decades punctuated by civil wars, his challenge with Bitcoin promises to be a lifeline. But, as with El Salvador or more recently theArgentinasupranational bodies, such as IMF, risk doing everything to put a spoke in the wheel of the adoption of this crypto-economy.

Now it is the whole so-called “traditional” economy that is preparing to exploit the potential of Bitcoin and cryptocurrencies. And she ? Don’t wait any longer register on the reference cryptocurrency exchange FTX. A lifetime reduction in your trading fees awaits you thanks to the JDC affiliate link.

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