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On February 9, employees of the U.S. Consumer Financial Protection Bureau (CFPB) held a protest outside its headquarters in Washington, D.C., against the intervention of the Department of Government Efficiency (DOGE) led by Elon Musk. The protest was triggered by the DOGE team being accused of illegally obtaining sensitive data from the CFPB and attempting to weaken the agencys regulatory functions through technical means.February 9th news, On the evening of February 8th, Li Bin, founder, chairman and CEO of NIO, started broadcasting today to announce to the outside world NIOs service work during the Spring Festival. A few days ago, NIO announced the launch of a 5-year 0 interest limited-time financial preferential policy. From February 1 to February 28, 2025, users who pay a deposit to purchase NIO can enjoy a 5-year 0 interest financial plan, with a down payment of only 20% and no handling fees. During this period, when buying a car, users can also enjoy a number of new spring car purchase gifts including a 10,000 yuan optional fund, 48 free battery replacement coupons worth 4,800 yuan, and 5 years of free use of NOP+. When talking about the policy, Li Bin frankly said that this is the first time that NIO has launched a 5-year 0 interest policy, mainly for the clearing of cash cars, and there will definitely be no 5-year 0 interest policy for the 2025 models. In addition, he also said that NIO will have 5,000 battery replacement stations by the end of this year.February 9th news: The reporter recently learned that the Longgang Urban Investment Group has actively implemented the decision-making and deployment of the Longgang District Committee and District Government, and has moderately advanced the construction of the Longgang computing power service platform and intelligent computing power pool. It has currently formed a 5000P large-scale computing power supply capacity, and is expected to achieve a computing power supply capacity of 10,000P by the end of this year. It can dispatch more than 40,000P of intelligent computing resources to meet the user groups demand for easy, on-demand, and affordable computing power, and help Longgang District build an artificial intelligence full-domain and full-time application demonstration zone and an AI industry highland in the Guangdong-Hong Kong-Macao Greater Bay Area.On February 9, a team of nine investigators from the National Transportation Safety Board of the United States arrived in Anchorage, Alaska, to investigate the cause of the plane crash in Alaska. It is reported that the bodies of the 10 victims on the crashed plane have been found.German Geoscience Research Center GFZ: A 6.89-magnitude earthquake occurred in northern Honduras; the US tsunami warning system showed that there was a tsunami risk in the Caribbean Sea and northern Honduras after the earthquake.

A Look Into the Central African Republic’s Crypto Hub ‘Sango’

Jimmy Khan

May 25, 2022 09:52

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The use of bitcoin as legal cash in the Central African Republic has been a contentious issue. The country now intends to establish the 'Sango' cryptocurrency economic zone.


Applause, praises, and a lot of criticism have greeted the Central African Republic's introduction of bitcoin as legal cash. Despite the criticism, the local administration is pressing forward with plans to offer inhabitants with a digital currency infrastructure.


On May 24, CAR President Faustin-Archange Touadera went to Twitter to announce the start of "Sango," the country's first major crypto endeavor, with aspirations to lure worldwide crypto aficionados.

Attracting Cryptophiles from Around the World

Soon after the National Assembly overwhelmingly legalized Bitcoin as legal cash, Touadera announced ambitions to become the CAR's crypto center. With Touadéra's help, the CAR National Assembly launched the Sango crypto-centric program.


Sango intends to 'pave the path to a digital future of unlimited possibilities,' according to a 24-page paper outlining the project's ambitions. Touadéra announced his support for Sango in a tweet, stating the initiative had the "potential to change CAR's financial system."


The letter also detailed CAR's objectives, which included 'facilitating bitcoin property purchase for investors globally' and the establishment of a Digital National Bank. The local administration also said in the statement that access to its natural resources, including as gold, diamonds, uranium, lithium, and oil, would be "completely supported."


Sango will include an island known as "the crypto island," which will be the "first island in the metaverse supported by a genuine island."


Sango's legal framework will feature an e-residency program, citizenship by investment, online company registration, and no income or corporation tax, according to the paper. CAR now expects to create this specialized legislative framework before the end of the year.


The paper also discusses the creation of a Lightning Network-compatible bitcoin wallet for sending, receiving, and storing BTC. The Lightning Network is bitcoin's second-layer technology for making payments more affordable and quicker.


The Central African Backbone (CAB) internet connectivity will be completed by the end of the year, allowing CAR to fuel its "entire digital revolution." Users will be able to propose, observe, and participate to the crypto hub's future developments in the country's 'cryptocurrency economic zone.'

Is CAR Perplexing the Cryptoverse?

While many people applauded CAR's decision to recognize Bitcoin as legal cash, authorities and financial experts throughout the world were critical. The Central African Republic's adoption of bitcoin, according to the International Monetary Fund, might be concerning and pose a number of issues for the country and the region.


Many investigations also indicated that the government accepted BTC as legal cash without contacting the regional central bank, which oversees a six-country common currency, including the Central African Republic.


Notably, the country is one of the poorest in the world, and it is the second after El Salvador to embrace the BTC. Opposition parties criticized Touadéra's decision as well.


Sango wants to take 'the Bitcoin heritage to the next level,' thus CAR hopes to build a center to lure cryptocurrency entrepreneurs and aficionados to the country. According to World Bank statistics, the Sango hub announcement is intended to attract international investors to the country, most likely in an effort to help the country grow further.

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