CAR's Crypto Ventures: Elite Control & Foreign Crime
Update: 2025-12-17
Description
The Central African Republics crypto initiatives, including Bitcoin legal tender and Sango Coin, have been criticized for deepening elite control and opening the country to foreign criminal organizations. The report highlights the fragile state of the country, with limited electricity, internet access, and oversight, making it difficult for the impoverished population to engage in crypto investments. The initiatives were reportedly tailored to foreign investors interests, risking national sovereignty. The countrys crypto projects have largely failed, with low adoption rates and extreme volatility.
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