Central African Republic tokenizes natural resources

President of the Central African Republic (CAR) Faustin-Archange Touadera announced plans to tokenize the country's natural resources.

According to the document, within the framework of the Sango project, companies associated with the crypto industry and "creating a presence in the country" will receive access to tokenized assets.

The Central African Republic has significant natural resources - deposits of diamonds, uranium, gold and oil. It is one of the poorest countries on the black continent and the world as a whole. In terms of GDP per capita based on PPP, the CAR ranks third from the bottom of the ranking with $1,040 (World Bank data for 2020). Worse only Somalia and Burundi.

Earlier, the authorities approved bitcoin as a means of payment along with the local franc.