The CAR became the first country in Africa to adopt bitcoin as legal tender in April. — Image by Freepik
The Central African Republic’s hopes of becoming Africa’s top cryptocurrency destination were dealt a blow on Monday, when the country’s highest court deemed its plan to offer land and mineral resources to investors unconstitutional.
The government must cease offering land and citizenship in exchange for investments in the CAR’s cryptocurrency, known as Sango Coin, according to the decision by the Constitutional Court in the capital, Bangui. Offering citizenship is unconstitutional "considering that nationality has no market value,” the court said.
