Central African Republic Dives Deeper into Tokenization

The Central African Republic (CAR) is expanding its Sango blockchain initiative to include the tokenization of land and natural resources.

Recently, the CAR National Assembly passed a law, receiving unanimous approval, that facilitates online business visa applications and simplifies the process for both locals and foreigners to establish businesses in sectors like real estate, agriculture, and forestry.

This move follows CAR's earlier efforts in the crypto space, including the launch of Project Sango in May 2022 and its brief adoption of Bitcoin as a national currency.