pull down to refresh

Central African Republic Token Sale off to Slow Start — Just $1.26M in 5 daysnews.bitcoin.com/central-african-republic-token-sale-off-to-slow-start-1-26-million-raised-in-under-5-days/
73 sats \ 11 comments \ @KenyaCoin 30 Jul 2022 bitcoin
write
preview
related posts
126 sats \ 0 replies \ @TheBTCManual 30 Jul 2022
Glad to hear it, I hope this will be an example to many who think they are going to shitcoin, this is the second commodity-backed shitcoin to fail after the Venezuelan petro, or petromoneda when will these guys learn
reply
126 sats \ 0 replies \ @pi 30 Jul 2022
Spending your bitcoins for sango coins is not a smart decision.
reply
120 sats \ 1 reply \ @lv99_slacker 30 Jul 2022
Using your nation to rugpull your citizens and others. Disgusting.
reply
100 sats \ 0 replies \ @KenyaCoin OP 31 Jul 2022
I don't think they are expecting many from within CAR to be investors. But the wording ... "Sango backed by bitcoin" really meaning "we will issue a bitcoin token on Sango blockchain", and "backed by the country's resources", ... all that is misleading and something a shitcoiner would do.
Shame on the advisors that suggested this and the facilitators that built this abomination. Embarrassing, for one. And a risk to future prospects of bitcoin gaining explicit "legal tender" status elsewhere (using the "legal to use" for transactions definition, not the "must be accepted for payment of a debit" definition in the U.S. and some other places).
reply
120 sats \ 0 replies \ @sb 30 Jul 2022
Some day we will look back at this era and laugh heartily at the blatant shitcoinery. It's just embarrassing for a nation state to go down this road IMO. Imagine a large country with a strong military adopting WokeCoin. Beyond parody. 🤣
reply
120 sats \ 0 replies \ @KingZing 30 Jul 2022
Imagine just adopting Bitcoin
reply
0 sats \ 2 replies \ @KenyaCoin OP 30 Jul 2022
Feels like there's a story here that didn't get much media coverage. Does that mean the "bitcoin becomes legal tender" law in Central Africa Republic gets repealed? That's what @TheAfricaReport is reporting.
reply
0 sats \ 0 replies \ @KenyaCoin OP 30 Jul 2022
Bangui agreed not to implement its cryptocurrency law in exchange for BEAC regulating crypto assets. This common ground was reached in Cameroon’s economic capital Douala on 20 and 21 July.
CAR backs down from implementing cryptocurrency law in exchange for BEAC engagement https://www.theafricareport.com/226880/car-backs-down-from-implementing-cryptocurrency-law-in-exchange-for-beac-engagement
reply
0 sats \ 0 replies \ @KenyaCoin OP 30 Jul 2022
"It is forbidden for Cemac institutions and their technical partners in the framework of payment services to exchange or convert, settle or cover in foreign currency or CFA francs, transactions relating to cryptocurrencies or having a link with them," Cobac said in a statement.
Beac to oversee CAR's cryptocurrency project https://www.businessincameroon.com/finance/2207-12698-beac-to-oversee-cars-cryptocurrency-project
reply
0 sats \ 0 replies \ @selfish_gene 30 Jul 2022
это говорит о том что люди ещё не сильно знают блок чейн.
reply
0 sats \ 0 replies \ @KenyaCoin OP 30 Jul 2022
Being backed by bitcoin, therefore, means “Sango will be able to operate with wrapped Bitcoin (s-BTC) in the Sango ecosystem.”
The press release also said, “benefits include, partial decentralization and no risks of de-pegs, differentiating SANGO from stablecoins and CBDCs and ensuring that current monetary problems will be surpassed.”
reply