Not long after the authorization for Bitcoin (BTC) to be a legal tender in the Central African Republic (CAR), the local government is reportedly taking steps to establish supporting infrastructure. 

Specifically, CAR President Faustin-Archange Touadera reportedly shared via a Twitter post on April 24th regarding details related to the anticipating introduction of the nation’s first major crypto project, going by the name “Sango.”

The development of the CAR’s crypto hub is reportedly carried out not long following the National Assembly unanimously approved Bitcoin as legal tender, Touadera further revealed.

Initially, the CAR’s presidency shared via the government’s official Facebook page details associated with the Sango initiative operating as the legally approved cryptocurrency investment platform. 

The Sango platform is expected to function as CAR’s “first crypto initiative”, and is referred to using the name of CAR’s second official language after French.

Per information shown on the official Sango website, the idea for the Sango platform project was proposed by the National Assembly, which managed to gather the support of by the CAR authority and the president.

“The construction of the first legal crypto hub in the heart of Africa will improve crypto experience by taking Bitcoin adoption to the next level, potentially bringing the most unconventional space in the world”. 

“The crypto hub, Bitcoin […] and crypto are the tools that will redesign the future of our country. Sango can usher in a new economic era with enormous potential, which neither Africa nor the rest of the world have imagined.” Touadera pointed out that Bitcoin utilization offers “unimaginable possibilities” for the growth and transformation of the nation. 

The president additionally remarked that his most ambitious desire is to have the Sango initiative open up crypto access to everyone, forming a global case of the way crypto perks turn into vectors of economic performance of the nation.