The Central African Republic has taken a major leap towards digitizing land ownership, marking a historic moment in the country’s blockchain adoption journey. President Faustin-Archange Touadéra signed a decree authorizing the tokenization of over 1,700 hectares of land within the nation using its native cryptocurrency – CAR Price ($CAR). This landmark move will see the land accessible via $CAR starting June 2025. This innovative approach has attracted significant attention from crypto traders, as seen in the recent surge of the CAR memecoin price, which jumped over 17% following the announcement, trading around $0.053 during Thursday’s mid-North American session.