The Central African Republic (CAR) has begun to unveil its digital currency-focused initiatives. According to a 24-page presentation for the initiative, Sango will be a ‘crypto’ island where digital currency trading will have legal recognition—the first of its kind in Africa.
The budget included three new programs – one that would encourage Florida’s Department of Financial Services to use crypto assets within the state, and two others that would evaluate the feasibility of making car registration and healthcare available through blockchain technology.
The cryptocurrency program is just too new and doesn't align with the local government's fundraising standards, the chief information officer said after weeks of internal discussion and public speculation.
China has released the new digital yuan app for iOS and Android on domestic app stores. The app is available to users in 12 cities across China and will be available to foreign visitors at the Winter Olympics – but its audience will be limited. Tencent-owned WeChat announced it would begin rolling out the e-CNY as a payment option on its platform, potentially introducing the digital currency to over 1.2 billion users.