Disir
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- Sep 30, 2011
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Cameroonian separatists fighting for the independence of the self-declared state of Ambazonia have put their own cryptocurrency on sale to the general public. The AmbaCoin aims to provide humanitarian relief to those affected by the conflict in the Anglophone regions with the hope of raising up to 250 million US dollars.
“The initiative is geared towards helping with humanitarian side of things,” says Frank, one of the members of the AmbaCoin project who responded to press enquiries about the cryptocurrency, but wanted to remain anonymous. “That’s the idea behind it – to raise funds to support humanitarian efforts.”
It is hoped that the creation of a currency for so-called Ambazonia will also support efforts to have the breakaway state officially recognised as a country. Creating their own Ambazonian currency enables the separatists to move away from using the CFA franc.
“The idea of AmbaCoin was to get away from the CFA – we don’t see the CFA franc as a legitimate currency for Ambazonia,” says Frank. “If we want to be independent, we can’t pursue a French colonial currency.”
Cameroon separatists sell cryptocurrency as replacement for CFA franc
I doubt seriously that it is going to support humanitarian efforts. They have multiple groups claiming to be the government of Ambazonia.
“The initiative is geared towards helping with humanitarian side of things,” says Frank, one of the members of the AmbaCoin project who responded to press enquiries about the cryptocurrency, but wanted to remain anonymous. “That’s the idea behind it – to raise funds to support humanitarian efforts.”
It is hoped that the creation of a currency for so-called Ambazonia will also support efforts to have the breakaway state officially recognised as a country. Creating their own Ambazonian currency enables the separatists to move away from using the CFA franc.
“The idea of AmbaCoin was to get away from the CFA – we don’t see the CFA franc as a legitimate currency for Ambazonia,” says Frank. “If we want to be independent, we can’t pursue a French colonial currency.”
Cameroon separatists sell cryptocurrency as replacement for CFA franc
I doubt seriously that it is going to support humanitarian efforts. They have multiple groups claiming to be the government of Ambazonia.
