French Imperialism vs. Crypto Colonialism: The Central African Republic Experiment

French Imperialism vs. Crypto Colonialism

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 . . .