CAR’s crypto push fueled ‘state capture’ by elites, criminal networks: Report — TradingView News
The Central African Republic’s push into crypto has deepened elite control and exposed the country to “foreign criminal organizations,” according to a recent report by the Global Initiative Against Transnational Organized Crime (GI-TOC).
In the report titled “Behind the blockchain: Cryptocurrency and criminal capture in the Central African Republic,” researchers claimed that the CAR’s crypto ventures, from adopting Bitcoin (BTC) as legal tender to launching Sango Coin and the CAR memecoin, were rolled out in a fragile state with limited electricity, internet access and oversight.
“An impoverished population, exposed to mass executions, torture and gang rape, with limited access to electricity, mobile phones and the…
