Changpeng Zhao, the Founder and CEO of Binance, paid a visit to the President of the Central African Republic, Faustin-Archange Touadéra. The CEO made a Twitter post announcing it.
From the tweet, the Binance CEO said the discussion was centred around education, investments, regulations, as well as crypto adoption in the country.
The President is a strong proponent of the adoption of blockchain and cryptocurrencies and a few months ago, the country adopted bitcoin as a legal tender.
In a Twitter post, the Central African Republic President showed his strong position with Bitcoin;
Read this also:
- President of Central African Republic Reaffirms His Country’s Bitcoin Decision
- The Central African Republic Launches Cryptocurrency Sango Coin
- What the Adoption of Bitcoin by the Central African Republic mean
The Sango Project
Last month, the Central African Republic launched its first cryptocurrency project, Sango. The project involves having a cryptocurrency coin, Sango Coin, and building a hub for the advancement of blockchain in the nation.
The President believes that this will help the country become more prosperous by connecting with the current global blockchain economy with so many opportunities.
As part of the steps taken to attract investors, the country set out these legal frameworks for the project:
- An e-residency program
- Citizenship by investment
- Online business registration
- No income or corporate tax
The nation’s digital currency went on sale in July and will require a minimum of $500 paid in cryptocurrencies.
What do you think of this article? Share your comments below.