With the launch of an initiative that will see the country's land and natural resources symbolized and sold on the blockchain, the Central African Republic (CAR) continues to be a testbed for the integration of blockchain technology.

The new RCA initiative was announced last Monday by the Sango Project Team, a project behind the release of Sango Coin, a “national digital currency” launched by the RCA in July 2022. The team said that “the Central African Republic is ushering in a new era of financial empowerment through blockchain technology.” The token allows foreign investors to buy citizenship for $60,000 worth of crypto, with an equivalent amount of Sango Coins held as collateral for five years, and “e-residence” for $6,000, held for three years, according to the Sango website. The new initiative of the Central African legislature has approved the tokenization of land and natural resources as the country seeks to become a preferred commercial destination