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Central African Republic President: Crypto is key to financial inclusion

Channel News Asia LogoChannel News Asia1 mo ago

Central African Republic President: Crypto is key to financial inclusion

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LONDON: Cryptocurrencies are the solution to tackling financial exclusion in the Central African Republic, its President Faustin-Archange Touadera said on Sunday (Jul 3), citing the cost of opening bank accounts.

A representations of cryptocurrencies in this illustration taken, January 24, 2022.

The move to adopt cryptocurrencies in a country where internet use is low and electricity unreliable has raised eyebrows among crypto experts, puzzled lawmakers and residents, and drawn words of caution from the International Monetary Fund.


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Article Details

Category: Economy

Topics: Mediacorp Bitcoin Republic Crypto Central Sango Touadera 2022 African Cryptocurrencies Country

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-04, 03:20:00

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 327 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 27615

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 15h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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