CAR President Approves Land Tokenization Using $CAR Coin on Solana Blockchain

The Central African Republic (CAR) is making headlines with the approval of land tokenization using its own cryptocurrency, $CAR. President Faustin-Archange Touadéra has signed a decree to tokenize over 1,700 hectares of land on the Solana blockchain starting June 2025. This move aims to revolutionize how land ownership is managed and traded. The announcement saw the $CAR token surge by 11%, climbing to $0.053 and gaining more than 127% over the past week, even amidst a shaky cryptocurrency market. This innovative initiative could bring significant changes to land transactions in CAR, while also raising questions about potential impacts on mining operations and local communities.