Is it cryptocurrency or just a con? The Central African Republic has just issued a meme-coin with the country’s President himself praising the project on social media. Faustin-Archange Touadéra is following in the footsteps of other world leaders – specifically US President, Donald Trump, who also issued a meme coin, as did his wife, Melania.
Back in 2022 CAR became only the second country worldwide to adopt Bitcoin as legal tender, alongside the CFA Franc. But this new meme coin’s own website sets out some interesting details under frequently asked questions. At the end is small print saying the meme coin is "not intended to function as an investment, security, or financial instrument of any kind, has no intrinsic value and should not be viewed as a financial asset."
00:00 CAR launches meme coin
03:06 DW speaks with Tony Olendo, acting chair of Virtual Assets Chamber of Commerce, a policy think tank advising African governments on virtual assets, which including crypto currencies.
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#CentralAfricanRepublic #MemeCoin #Cryptocurrency
Author: DW News
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News post in February 15, 2025, 9:04 am.
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