The Central African Republic has postponed the Sango listing plan to the first quarter of next year due to "market conditions."

2022-12-20 17:30:29

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ChainCatcher news, according to a report by Reuters, the official Telegram channel of Sango Coin announced that the listing of its national cryptocurrency token Sango has been postponed due to "current market conditions" and "marketing reasons." Additionally, holders will be allowed to sell up to 5% of the tokens, which are currently locked for one year and cannot be sold.

When asked about the government's allowance for foreign investors to purchase citizenship with Sango valued at $60,000, an unidentified host on the channel stated, "There will be more updates on this next month."

It is reported that following El Salvador in September 2021, the Central African Republic became the first African country to use Bitcoin as legal tender in April. The country launched Sango in July, aiming to raise nearly $1 billion next year. According to data on the Sango website, only $1.66 million worth of Sango has been sold. (Reuters)

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