Central African Republic adopts bitcoin as legal currency


The Central African Republic, second least developed country in the world according to the UN, adopted the bitcoin as the official currency along with the CFA franc and legalized the use of cryptocurrencies, the presidency announced on Wednesday.

Its about “first country in Africa to adopt bitcoin as a reference currency“, according to the same source, and the second in the world after El Salvador did the same on September 7, 2021.

The National Assembly voted “unanimously” on the law “that governs cryptocurrency in the Central African Republic” and the President Faustin Archange Touadéra promulgated it, the Minister of State and director of the presidential cabinet, Obed Namsio, assured in a statement.

This decision places the Central African Republic on the map of the most courageous and visionary countries in the world,” estimated the presidency of this country, the scene of a civil war for almost nine years.

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