Crypto, Conflict, and Corruption: Inside Central African Republic’s Digital Gamble

• Watchdog says CAR crypto projects were rushed, regulated, and open to abuse.
• Sango Coin and $CAR attracted investors but delivered little benefit to citizens.
• Report found no clear proof crypto revenues entered national budget properly ever.

The Central African Republic once promised the world a bold leap into the future of money. Under President Faustin-Archange Touadéra, cryptocurrency was presented as a shortcut to modernization, foreign investment, and national development. For a country struggling with poverty, conflict, and weak institutions, the message sounded hopeful.

Projects like Sango Coin and later the $CAR meme coin were promoted as tools to modernize the economy, attract global investors, and fund development.

However, a detailed investigation by the Global Initiative Against Transnational Organized Crime (GIATC) shows these initiatives may have …

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