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International Business Times

Business

Marvie Basilan

Did Central African Republic Really Launch Memecoin $CAR? Doubts Arise Over Alleged Deepfake Announcement

CAR FaustinArchange Touadéra Memecoin Central African Republic Central Africa NameCheap X Crypto Bitcoin United States

Central African Republic (CAR) President Faustin-Archange Touadéra (Credit: Faustin-Archange Touadéra on X / Video Screenshot)

KEY POINTS

Touadéra said $CAR's launch was an experimental project to demonstrate a memecoin's ability to "support national development"
The token's X handle has been suspended; Touadéra said the CAR government was working with X on the matter
Two AI deepfake detection models on Deepware raised red flags about Touadéra's token launch video on X
A crypto executive also raised issue with the $CAR token's domain, especially after Namecheap suspended it

The X account of Central African Republic (CAR) President Faustin-Archange Touadéra shocked the cryptocurrency space on Sunday night after it was announced via the platform the country had just launched the CAR memecoin.

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