After the Central African Republic (CAR) adopted Bitcoin as legal tender in April, President Faustin-Archange Touadéra announced that the country plans to tokenize its mineral resources to raise funds. CAR Wants to Tokenize its Natural Resources In a tweet yesterday, Faustin-Archange Touadéra, the CAR’s president, shared a photograph of a statement revealing plans to tokenize the country’s natural resources. The latest move, which Touadéra called “the next chapter,” will open up their economy to the world to create investment opportunities in the country’s economy. The next step for us, the Central African Republic is the democratization & tokenization of resources, a new chapter with tremendous possibilities. This #vision & strategy will open unique #opportunities for #investors #worldwide. #CAR #RCA pic.twitter.com/v7mzlsUeTw — Faustin-Archange Touadéra (@FA_Touadera) June 2, 2022 “We are giving everyone access to the riches of our land. In other words, we are transforming them into equally valuable and important digital assets through an unprecedented new administrative and economic movement,” the statement read in parts. The Central African Republic has deposits of oil, diamonds, copper, rhodium, gold, limestone, cobalt and manganese. The country’s natural resources also include gold, limestone, cobalt and manganese, among others. The CAR, which in April became the second country in the world to adopt Bitcoin (BTC) as lega...
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