A month after making Bitcoin the official digital currency and unanimously passing a law regulating cryptocurrencies, the Central African Republic is continuing to rewrite the history books with the launch of the SANGO Project.
SANGO is the first crypto initiative, a national project designed to set a new visionary landmark on the world map and create a fantastic opportunity for all who believe in crypto investments. For the Central African Republic, it will be a revolution that will reposition the economy, improve future prospects and change the destiny of the country’s citizens but one that is adapted to these times when you need openness to new horizons and solutions that go beyond the conventional.
The President of the Republic, Professor Faustin- Archange Touadéra, comments, “For us, a formal economy is no longer an option. An impenetrable bureaucracy keeps us stuck in systems that do not give us a chance to perform. The solution was to rethink our economic philosophy. This is what we have done and the open road ahead represents a great success for the people of the Central African Republic, for the generations to come, to ensure a prosperous and secure future.”
He added, “We will move toward a new stage with the launch of the SANGO Project, the most ambitious, innovative and surprising initiative, designed to transform our country and open a new path toward a bright future with huge potential for many people.”
The SANGO Project goes beyond politics and administration, asserting itself as a new way of economic governance and a strategic alternative digital investment vehicle, with minimal risk, great fluidity and adaptability, specific to the new digital age in which the world finds itself nowadays. It is well known that Bitcoin and blockchain technologies have the potential to reshape the world of finance, making it more secure, more transparent, more offer-oriented, more decentralized and more reliable.
More than a project, SANGO is a complex concept that will give a new dimension to the way technology is used to create modern, attractive and sustainable communities but also to give birth to high-performing societies. The fact that this initiative – a pioneer in the field – was born in the heart of Africa, is a surprise to many, but not to Central Africans or to those who know the potential of this land and its untapped riches, those who understand the need for change, who look to the future and bet on digitization.
Building the first legal Crypto Hub in the heart of Africa and enhancing the crypto experience with a move to take Bitcoin to the next level is complemented by what could become the most unconventional space in the world – a Crypto Island.
“The process by which we began to transform our country opens up unimaginable opportunities for visionary people. The Crypto Hub, the next generation Bitcoin and the Crypto Island become the tools with which we will reshape the future of our country,” the head of state pointed out.
“SANGO can open a new economic era with huge potential, something that neither Africa nor the rest of the world has imagined. My great wish is for this project to be accessible to all, to open new avenues, to be an example to the world, and for the benefits it will produce to become vectors of economic performance for our country.”
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