Minister of Finance AHM Mustafa Kamal revealed that the primary purpose of the CBDC will be to facilitate virtual transactions and encourage startups and e-commerce businesses.
Sber formerly Sberbank is set to begin issuing and trading digital financial assets on its in-house digital assets platform, with first transaction to take place around mid-July.
At the BSV Global Blockchain Convention, a panel of experts from Africa shed light on how blockchain technology can enable the continent to harness its resources, eradicate corruption and poverty and be on the frontline in the world of technology.
CAR's President Faustin-Archange Touadera tweeted that the democratization and tokenization of the country's resources have "tremendous possibilities."
The country has taken an equity stake in Crusoe Energy Systems Inc., a U.S.-based company that is one of the pioneers of using stranded natural gas to power block reward mining.