Central African Republic (CAR)’s recent decision to embrace bitcoin, the head of the BCAS, Herve Ndoba, has reportedly urged the institution’s board to introduce a common crypto currency for its six member states.
The envisaged digital currency will obviously contribute to modernising the region's payment structure and promoting financial inclusion.
According to Bloomberg, Ndoba's call comes just days after the BCAS determined that the Central African Republic's bitcoin law is "incompatible with the agreements and conventions governing the Central African Monetary Union and the Statutes of the Bank of Central African States."
The six member states of CAMU are Cameroon, Chad, Equatorial Guinea, Gabon, the Republic of Congo and the Central African Republic.
According to the nation's Sango investing website, the "Sango Coin," referred to as a "national digital currency," will go on sale on July 21 with a minimum investment of $500 to be paid in cryptocurrencies, including bitcoin and ethereum.
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