Report: CAR dem crypto push no real, e no clear and fit cause abuse

Report from Global Initiative Against Transnational Organized Crime tok say Central African Republic (CAR) rush enter crypto mata mata — like make Bitcoin legal tender for 2022 (dem later comot am), the Sango hub and Sango Coin, plus government-linked memecoin ($CAR) wey dem tie to speculative land tokenisation — no real, opaque and e dey vulnerable to criminals. Dem launch these projects even tho infrastructure bad (low electricity and internet access) wey stop plenty people from join. Sales and market performance bad (Sango sales far below target; CAR memecoin collapse from reported peak to heavy losses). IMF and regional central bank raise legal, transparency and macroeconomic wahala; local courts cancel some measures. Report point say gains concentrate for foreign investors and domestic elite wey connect to President Faustin-Archange Touadéra, and e name some intermediaries wey dem say get link to cross-border crypto fraud. E warn say 2023 tokenisation law for natural resources (oil, gold, timber, land) and badly regulated platforms fit open channel for money-laundering, foreign influence and transnational organised crime while ordinary citizens no go benefit much. For traders: the revelations and regulatory pushback dey increase counterparty, legal and reputational risks for CAR-linked tokens and any listings tied to the country projects, make volatility high and reduce project credibility.