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Court Stymies African Bitcoin Adopter’s Gold-for-Crypto Offer

  • Program offered citizenship for $60,000, access to diamonds
  • CAR first African country to adopt Bitcoin as legal tender

The Central African Republic’s hopes of becoming Africa’s top cryptocurrency destination were dealt a blow on Monday, when the country’s highest court deemed its plan to offer land and mineral resources to investors unconstitutional.

The government must cease offering land and citizenship in exchange for investments in the CAR’s cryptocurrency, known as Sango Coin, according to the decision by the Constitutional Court in the capital, Bangui. Offering citizenship is unconstitutional “considering that nationality has no market value,” the court said.