CAR's Cryptocurrency Schemes: A Path to Prosperity or Peril?

The Central African Republics embrace of cryptocurrency schemes, advocated by President Touadéra, is under scrutiny due to a report suggesting these ventures could expose state assets to foreign criminal organizations. The report from GI-TOC claims these schemes primarily benefit insiders and international criminal groups, while the government maintains they will bring prosperity. Two specific projects, Sango Coin and dollar CAR, lack transparency and safeguards against money laundering, raising concerns about the countrys financial future and sovereignty.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.