The President of the Central African Republic (CAR), Faustin-Archange Touadera, has unveiled Sango Coin. Sango is a national cryptocurrency for the CAR, and it would allow the country to continue supporting its agenda for cryptocurrencies.

The President of the CAR launched this cryptocurrency through a virtual event aired on Sunday. The “Sango Genesis Event” event also included a speech from the President regarding its plans for Bitcoin and cryptocurrencies.

In the speech, the President said, “Sango Coin will be the next generation currency for [the] Central African Republic.” The President further said that Sango Coin would be used as a gateway to access the country’s natural resources.

The government of the Central African Republic had earlier announced plans to tokenize the country’s natural resources. CAR is rich in natural resources such as copper, diamonds, and petroleum.

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