The Central African Republic (CAR) recently added Bitcoin as a legal currency, tokenized natural resources, and even created a “cryptocurrency economic zone” called Sango—following in the footsteps of El Salvador. The CAR is still using its French currency (CFA franc) just like El Salvador is still using the American dollar. In addition to the crypto economic zones, CAR is also offering e-residency and citizenship by investment programs (with zero-rate tax on income and businesses) that are all being implemented to “attract investors” — the El Salvador game plan . . .
Blockchain Technology & Coercive Surveillance of the Global South
June 2021, Twitter’s Jack Dorsey vocalized his support of Project Mano, a group of Ethiopia-based entrepreneurs who want to get the Ethiopian government to consider mining and storing Bitcoin. This was several days after El Salvador made Bitcoin a legal tender and Tanzanian President Sulhulu urged the country’s central bank to adopt Bitcoin and cryptocurrency. Since then, Panama, Brasil, Argentina, Mexico, and Paraguay have all drafted legislation to adopt cryptocurrency. In addition to that, the founder of Cardano, Charles Hoskinson, has expressed his interest in bringing Cardano to El Salvador. . . .