Wednesday, August 21, 2019

Cameroon’s Anglophone separatists have created their own cryptocurrency

Increasingly determined and bold separatists seeking the international recognition of the self-proclaimed “Federal Republic of Ambazonia” (Southern Cameroons) have created a crypto-currency which they claim is the first to be fully nation-backed.

Known as AmbaCoin, 20,082 of the Ambazonian crypto bond had already been bought, out of 100,000,000 on pre-sale as of Nov. 10. One AmbaCoin sells for 25 cents (circa 140 CFA franc) and the main initial coin offering of the crypto-currency is scheduled for Dec. 24. It is said to be backed by the “rich natural resources” of the breakaway region.

Increasingly determined and bold separatists seeking the international recognition of the self-proclaimed “Federal Republic of Ambazonia” (Southern Cameroons) have created a crypto-currency which they claim is the first to be fully nation-backed.

Known as AmbaCoin, 20,082 of the Ambazonian crypto bond had already been bought, out of 100,000,000 on pre-sale as of Nov. 10. One AmbaCoin sells for 25 cents (circa 140 CFA franc) and the main initial coin offering of the crypto-currency is scheduled for Dec. 24. It is said to be backed by the “rich natural resources” of the breakaway region.

Increasingly determined and bold separatists seeking the international recognition of the self-proclaimed “Federal Republic of Ambazonia” (Southern Cameroons) have created a crypto-currency which they claim is the first to be fully nation-backed.

Known as AmbaCoin, 20,082 of the Ambazonian crypto bond had already been bought, out of 100,000,000 on pre-sale as of Nov. 10. One AmbaCoin sells for 25 cents (circa 140 CFA franc) and the main initial coin offering of the crypto-currency is scheduled for Dec. 24. It is said to be backed by the “rich natural resources” of the breakaway region.

The crypto-currency is the latest effort by Cameroon’s Anglophone secessionists to cement the Oct. 1, 2017 symbolic declaration of independence of the “Federal Republic of Ambazonia”. The separatists have in recent times carried arms against the state of Cameroon, enforced a school boycott since October 2016 and a civil disobedience action known as ‘ghost towns’ every Monday.

In addition to the new crypto-currency, ‘Ambazonia’ has an anthem, flag and an interim government, but is yet to be recognized as a nation by any country in the world, unlike the Republic of Biafra which had a short-lived existence but was at one point was formally recognized by Côte d’Ivoire, Gabon, Haiti, Tanzania and Zambia

Sourceqz.com

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