The Central African Republic (CAR) has announced that it will not be listing its national cryptocurrency, Sango Coin, due to “current market conditions,” according to a statement from Sango Coin’s marketing team on a Telegram channel.
The CAR had previously planned to add the coin to its listing by the end of 2022, but the decision has been met with low investor enthusiasm and a court ruling that found the government’s proposal to grant citizenship to Sango currency holders to be unlawful.
Despite these setbacks, the CAR government is continuing with the token sale, which is currently in its second cycle.
The CAR also plans to launch a Sango bitcoin sidechain testnet in the first quarter of 2023 before implementing a national mobile smartphone program.
