“The infrastructure of the project raises questions. The official domain, car.meme, was registered through Namecheap, a low-cost domain provider typically used by individuals or independent developers, but rarely by government institutions,” the beingcrypto website pointed out.
The site added the domain was “registered only three days before the official announcement, which does not correspond to the classic practices of a state-wide project”.
Centrafrican Mining Minister Rufin Benam Beltoungou, in a bid to douse suspicions, said in a statement issued shortly after the launch that the $CAR was “a project of the Ministry of Mines and Geology ... in collaboration with the company Barn$ley”.
According to the Cryptoast website, a previous Central African cryptocurrency, Sango, “now seems to have ended in failure”.
© Agence France-Presse