Hundreds of Central Africans participated in the scheme, with some depositing their life savings worth millions of CFA francs.
Central African Republic
Despite facing several challenges since its launch, the Sango project announced the tokenization of its land and natural resources.
The company has proposed a system to tokenize real estate assets and use them as collateral for loans.
Non-nationals of the country can now hold rights to the country’s mineral resources by investing in the Sango coin.
Figures show 50% of countries with available data experienced an increase in consumer prices in March.
The move follows widespread calls for a change of currency and to end French representation in key decision-making bodies
He said his country has no intention to leave the Economic and Monetary Community of Central Africa (CEMAC) and will therefore not go against its rules.