September 26, 2022


Summary:

  • Binance CEO Changpeng Zhao met with Faustin-Archange Touadéra, the president of the Central African Republic.
  • The pair met this week to discuss crypto adoption and crypto regulations among other related topics.
  • CAR recently adopted Bitcoin and launched the Sango sidechain project.
  • CZ recently met with the Ivorian president to discuss similar issues, as reported.
  • The data shows that crypto has become a hot topic across Africa in recent months. Five African countries ranked in the top 20 in Chainlysis’ Global Crypto Adoption Index.

Changpeng Zhao, the CEO of leading crypto exchange Binance met with the president of the Central African Republic to discuss digital assets shortly after the country adopted Bitcoin nationwide and launched a blockchain power project called Sango.

Zhao and President Faustin-Archange Touadera held talks on Friday. The meeting was confirmed by CZ himself, who tweeted about the event to his 6.7 million Twitter followers. Crypto regulations and adoption were chief among the topics discussed, according to Zhao’s post.

The pair also talked about education and investment strategy.

Notably, CZ’s visit comes shortly after the country announced its controversial decision to adopt Bitcoin (BTC).

Despite stern warnings from regulators such as the IMF and the World Bank, CAR proceeded to legalize BTC and also launched Sango, a blockchain-based initiative with a distinctive element. The nation also approved BTC as a reserve asset, EthereumWorldNews previously reported.

Binance chief meets leaders to drive crypto adoption

Friday’s meeting with President Faustin-Archange Touadéra marks the second African leader CZ has met with this year. Zhao also held talks with the Ivorian president in July.

These visits are allegedly strategic as Africa has emerged as a hotspot for cryptocurrencies. Chainlysis are ranked five African countries, including Nigeria and Kenya, in the top 20 of its Global Crypto Adoption Index report.



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