TechFlow, December 17 — According to a recent report by Cointelegraph and the Global Initiative Against Transnational Organized Crime, some cryptocurrency initiatives launched by the Central African Republic lack transparency and have compliance gaps, potentially enabling exploitation by international criminal organizations and endangering national asset security. In particular, plans to tokenize mineral concessions and other resources in the future are seen as possibly offering opportunities for money laundering and illicit resource trading by transnational crime groups. Insiders within the Central African government criticized the report as politically motivated, emphasizing that these projects aim to break traditional banking monopolies. Since becoming the second country in the world to adopt Bitcoin as legal tender in 2022, the nation's crypto-asset policies have continued to attract international attention.
Earlier reports indicated that the Central African Republic had launched a national meme coin called CAR.
