NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Sango Is Not A CBDC; Here’s Why You Should Pay Attention to It

NewsBTC
NewsBTC
2 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Sango Initiative is something that many crypto investors have heard of but have wrongfully dismissed as just another CBDC. The fact that it is government-backed seems to have cemented this thought in the minds of many. However, Sango is so much more than that.

The Sango Initiative comes out of the Central Africa Republic (CAR), a country with vast resources worth more than $3 trillion. This makes the country a hidden gem when it comes to investing, and Sango is a way for the government to bring these opportunities to investors. The country is known for being at the forefront when it comes to digital innovation and transformation in the African continent, and it has now taken another step in this journey.

Why Sango Is Not Another CBDC

The Sango Initiative is actually backed by Bitcoin compared to CBDCs, which are backed by government-issued fiat currencies. It cultivates the decentralization that bitcoin provides alongside the security and power to offer an innovative Layer 2 solution. The Sango ecosystem is a digital monetary system that encompasses all the best parts of crypto. With this, Sango plans to bring about a digital change in the Central African Republic.

It provides a seamless, quick, and inexpensive means of payment, coupled with the ease of use and easy storage that digital currencies are known for. Like any country that adopts a digital payments system, Sango promotes the inclusion of the unbanked population, provides decentralized finance (DeFi) services, and so much more.

This L2 solution built on the Bitcoin network also offers smart contracts and a highly scalable platform. This will enable developers to deploy decentralized applications (DApps) on the platform. It possesses a modular design that carries its own governance, making it a perfect monetary solution for any country.

The Sango Coin

Sango coin is the native cryptocurrency of the Sango Initiative. The token is backed by bitcoin and serves various purposes within the Sango ecosystem and the Central African Republic. The first of these purposes is as a currency.

SANGO coin can be used as a means of exchange in the country. This means that users can buy and sell or pay for services using the token. It provides a faster and more efficient mode of payment compared to traditional banks and a better store of value compared to fiat.

Holding Sango tokens also carry voting rights in the Sango governance system. This way, holders will be able to have a say in what is now known as the largest digital democratic setup. Additionally, Sango tokens are not controlled by the CAR government. The holders maintain 100% ownership over their tokens, unlike a CBDC, which remains in complete control of the central banking authority of the country.

Do More with Sango

Gaining citizenship through investment is a scheme that is present in every country in the world. However, there are currently no countries that offer citizenship through holding a particular cryptocurrency, and that is another way Sango sets itself apart from the rest.

The CAR government has announced that people will be able to purchase real estate in Bangui, known as the Crypto City. 250 square meter plots of land are up for as low as $10,000 locked for 10 years, and they come with ownership of the metaverse counterparts of this land.

With $60,000 in SANGO Coins locked for a period of five years, anyone can apply for citizenship in the Central African Republic. This is an easy and paperless process powered entirely through the Sango ecosystem. This means that you can get a CAR passport to travel the globe just by buying cryptocurrency.

The Central African Republic takes this citizen through cryptocurrency investment one step further by offering an option to entities or individuals who wish to exist as digital entities of the CAR. By locking up $6,000 in SANGO Coins, anyone can get an e-residency in the country that will allow them access to opportunities across various sectors such as healthcare, insurance, and the blossoming fintech industry.

Sango further sweetens the pot with a 0% income tax on all investments. Owners can quickly redeem all their locked SANGO Coins once the lockup period elapses.

The Sango Initiative has redefined what it means to be a government-backed cryptocurrency. It also plans to offer even more incentives to holders, such as access to natural resources, corporate setups, the commerce space, and partnerships.

SANGO Coin has launched its Genesis Cycle, where interested parties can purchase tokens at a discounted price of $0.10 on its website.

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 4 days ago

With no more minting, $FUN can skyrocket 500% on fixed supply announcement

On June 19, 2025, FUNToken officially froze its supply forever, locking the smart contract to ensure no future minting, no...

News BTC 5 days ago

Smart Contract Lock and CertiK Audit: The Driving Factors Behind $FUN’s Breakout

Web3 gaming’s FUNToken emerges with strengthened fundamentals following smart contract lock implementation and CertiK audit clearance. Trading at $0.009894 as...

News BTC 6 days ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

FunToken’s F2P Model: The Missing Link for Crypto Adoption

News BTC 10 hours ago

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

News BTC 1 day ago

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

NewsBTC 2 days ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    8 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    8 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    8 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    8 hours ago
  • MEXC Launchpad Debuts PUMP Token with Exclusive 40%...

    8 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.