{"id":36407,"date":"2022-08-29T17:29:52","date_gmt":"2022-08-29T17:29:52","guid":{"rendered":"https:\/\/citizenshiprightsafrica.org\/?p=36407"},"modified":"2022-09-01T17:32:48","modified_gmt":"2022-09-01T17:32:48","slug":"central-african-republic-top-court-blocks-purchases-with-new-cryptocurrency","status":"publish","type":"post","link":"https:\/\/citizenshiprightsafrica.org\/en\/central-african-republic-top-court-blocks-purchases-with-new-cryptocurrency\/","title":{"rendered":"Central African Republic top court blocks purchases with new cryptocurrency"},"content":{"rendered":"<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-0\">BANGUI, Aug 29 (Reuters) &#8211; Central African Republic&#8217;s Constitutional Court on Monday ruled that the purchase of citizenship, &#8220;e-residency&#8221; and land using a cryptocurrency the government launched last month was unconstitutional.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-1\">The &#8220;Sango Coin&#8221; went on sale on July 21 despite a sharp fall in bitcoin prices during recent months, and doubts over the project&#8217;s viability in a poorly connected and war-torn country.<\/p>\n<p class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__2p5pI\" data-testid=\"paragraph-2\">Under the initiative, foreign investors would have been able to buy citizenship for $60,000 worth of crypto &#8211; with the equivalent Sango Coins held as collateral for five years &#8211; and &#8220;e-residency&#8221; for $6,000, held for three years, according to the Sango website.<\/p>\n<p data-testid=\"paragraph-2\">Read further: <a href=\"https:\/\/www.reuters.com\/technology\/central-african-republic-top-court-blocks-purchases-with-new-cryptocurrency-2022-08-29\/\">https:\/\/www.reuters.com\/technology\/central-african-republic-top-court-blocks-purchases-with-new-cryptocurrency-2022-08-29\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"BANGUI, Aug 29 (Reuters) &#8211; Central African Republic&#8217;s Constitutional Court on Monday ruled that the purchase of citizenship, &#8220;e-residency&#8221; and land using a cryptocurrency the government launched last month was unconstitutional. The &#8220;Sango Coin&#8221; went on sale on July 21 despite a sharp fall in bitcoin prices during recent months, and doubts over the project&#8217;s [&hellip;]","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-36407","post","type-post","status-publish","format-standard","hentry","category-uncategorized","region-central-african-republic","type-news-articles","item-year-683","item-theme-naturalisation-and-marriage"],"acf":[],"_links":{"self":[{"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/posts\/36407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/comments?post=36407"}],"version-history":[{"count":1,"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/posts\/36407\/revisions"}],"predecessor-version":[{"id":36408,"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/posts\/36407\/revisions\/36408"}],"wp:attachment":[{"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/media?parent=36407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/categories?post=36407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citizenshiprightsafrica.org\/en\/wp-json\/wp\/v2\/tags?post=36407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}