The Central African Republic (CAR) is making waves in the crypto world as one of the first countries to declare bitcoin (BTC) as its legal tender. However, the country has decided to postpone the listing of its sango crypto coin until next year. This is due to the country’s most senior judges rejecting an attempt to allow crypto investors to purchase citizenship by investing $60,000 worth of sango. The decision to not list the sango crypto coin until next year is a wise one, as it allows the country to assess the potential risks of cryptocurrencies before making a final decision.
The moderators of Sango’s Telegram channel posted a statement that mentioned that current market conditions and seasonal factors, such as the holiday season, were taken into account. “We are going to postpone the listing of sango and the 5% release to Q1 [the first quarter of] 2023,” See below the complete announcement:
Dear Sango friend,Sango Official Announcements in Sango Project – Community Official (Telegram)
Here is the much-awaited announcement regarding the Cycles, exchange listing, and the 5% release of SANGO coins.
First of all, we are aware of the current market situation, and we understand the need to see the SANGO project going further to next cycles and developing as promised!
This is why, we want to let you know that we are going to go further with the Sale Cycles, and we are going to proceed to Cycle 2 on Thursday at 10 AM GMT +2. Our team has taken the decision that no matter the conditions, from now on the project will advance through its cycles as promised – each cycle will last 30 days without any other postponement.
The unsold coins are going to be burned when the token will be released on the market.
However, because of the current market conditions and also taking into consideration other marketing reasons (such as the holiday season and the usual slowdown in any sales around the world in the months of January and February) we are going to postpone the listing of SANGO and the 5% release to Q1 2023.
As you probably know, we can’t give any further details about the listing until the official announcements by the team.
Thank you for your trust and understanding, and let’s change the future of CAR & Africa together.
Investors were informed that they would receive a 5% return on their investments when the listing was completed. However, the moderators have been unable to confirm whether the delay in the listing is due to central bankers or legal obstacles. This has caused some uncertainty and concern among the investors as they wait for the listing to be finalized.
The government is making a push to make the country a crypto hub, citing the need to stay ahead in the latest technology. Ministers have expressed their desire to be “one step ahead” of the competition in this area, and have made significant investments in research and development to ensure that the country is leading the way in the crypto space. With this push, the government hopes to become a major player in the crypto world and to make the country a hub for the new technology.