{"id":21219,"date":"2025-12-17T08:37:53","date_gmt":"2025-12-17T06:37:53","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/opaque-crypto-schemes-endanger-car-state-assets\/"},"modified":"2026-02-27T16:32:20","modified_gmt":"2026-02-27T14:32:20","slug":"opaque-crypto-schemes-endanger-car-state-assets","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/opaque-crypto-schemes-endanger-car-state-assets\/","title":{"rendered":"Opaque crypto schemes endanger CAR state assets"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Central African Republic (CAR) has embraced opaque cryptocurrency schemes that raise the risk of state assets being captured by foreign criminal organissations, according to a report published on Wednesday as the country gears up for an election.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">President Faustin Archange Touad\u00e9ra is seeking a third term in office when the country, which has seen decades of coups, rebellions and unrest, goes to the polls on December 28.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">He has emerged as a champion of cryptocurrency since taking office in 2016.\u00a0<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">In 2022, CAR became the first African country and the second nation in the world to adopt bitcoin as an official currency.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Touad\u00e9ra has said the shift to digital currencies will deliver prosperity to citizens by raising funds from non-traditional sources to pay for infrastructure and other projects.\u00a0<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Analysts widely expect him to win the election.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">&#8211;Reuters&#8211;<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":21220,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-21219","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"CAR has embraced opaque cryptocurrency schemes","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21219\/revisions"}],"predecessor-version":[{"id":24972,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/21219\/revisions\/24972"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/21220"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=21219"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=21219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}