Following the launch of the Central African Republic Sango Coin, the organization has announced a delay in its listing “for just a few weeks,” citing legal and regulatory hurdles.
In a March 31 message on its Telegram channel, the Sango Project said the government of the Central African Republic, or CAR, had made "significant progress" in establishing laws and regulations that will allow its cryptocurrency Sango Coin to be listed. on cryptocurrency exchanges. However, according to the project, the listing of Sango Coin will be postponed for a few weeks before the frames are finalized.
“There will also be other new surprises that will come along with these laws,” the Sango Project said. "Please be assured that this delay is necessary to ensure that Sango complies with all relevant regulations and that our products are released in the safest and most responsible way possible."
Sango Short Update
The government task force is working to change the laws to integrate #SANGO.
Cycle 3 is live.✅
All #SANGO that was not bought in the sales cycles will be burned.
We are currently working on the distribution of all prizes from the Sango $1M Contest https://t.co/scDF4g8EKF
— Sango (@sangoproject) January 20, 2023
The token list was one of the goals of Project Sango, a crypto center. proposed in the CAR in May 2022. The initiative followed the government of the Central African Republic which passed legislation allowing its citizens to use Bitcoin (BTC) as legal tender along with the CFA franc.
Related: Bitcoin, Sango Coin and the Central African Republic
Since the token and crypto hub were launched in July 2022, the project has marketed Sango Coin to interested parties by offering pathways to CAR citizenship through investments, a strategy reportedly. declared unconstitutional by the country's judicial system in August. Sango project announced in december that the listing would be delayed due to market conditions. According to its website, the project plans to list the tokens at a price of $0.45.
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