President Faustin-Archange Touadéra of the CAR addressed the public on platform X to debunk deepfake rumors and reaffirm the nation's blockchain commitment.
Setting the Record Straight: Deepfake Debunked and Blockchain Adoption Reaffirmed
President Touadéra clearly refuted the deepfake allegations, emphasizing that his account was secure. He reiterated that CAR coin is the official cryptocurrency of the Republic and affirmed faith in blockchain as a transformative innovation tool.
Why is CAR So Bullish on Crypto? Unpacking the Nation’s Digital Currency Drive
By becoming the second nation to adopt Bitcoin as legal tender and launching CAR coin, the Central African Republic aims to boost financial inclusion and diversify its economy, also enhancing digital economic growth and financial autonomy.
CAR Coin: A National Cryptocurrency Under Scrutiny
CAR coin is designed to become a utility token within CAR, supporting various governmental services. However, its implementation faces challenges of regulation, infrastructure, and trust both domestically and internationally.
Despite uncertainties and challenges with crypto regulation and infrastructure, the Central African Republic remains committed to cryptocurrency and blockchain, aiming for long-term economic and social development. The world watches to see if CAR can navigate these difficulties and set an example for other nations.
