Economic development


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Central African Republic Teases Plans for Crypto Hub

The Central African Republic (CAR) has unveiled plans for Project Sango, a crypto hub that would include a “crypto island” and a digital wallet to attract global crpyto enthusiasts. In April, CAR became the first African nation to adopt bitcoin as legal tender.

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Rio De Janeiro 'Inspired by Miami' to Add Crypto to Its Balance Sheet

Brazil's second most populous city, Rio De Janeiro, is planning to allocate 1% of the city's treasury reserves to cryptocurrencies, also exploring ​applying discounts to tax payments made with bitcoin. "We were really inspired by Miami actually," Rio de Janeiro Economic Development Secretary Chicão Bulhões said of the move, sharing insights into what this means for the state of crypto in Brazil.

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