The Central African Republic (CAR) launched its own cryptocurrency, called CAR coin, to help its economy. It's like a digital money, but it's a new kind of coin, and things got a bit messy!
- The president of CAR announced the coin on X (formerly Twitter).
- The coin's website and X account had some problems and were taken down.
- Some videos promoting the coin were questioned, but a second video seemed okay.
- Some links connected to the coin were dangerous, trying to steal people's information.
| Fact | Number |
|---|---|
| Starting value of CAR coin | $600 million |
| Value after the problems | $35 million |
| Money for school repairs | $50,000 (planned) |
This shows how new cryptocurrencies can be risky. Some were worried that this was not a real coin, just a way to try and get money.
