According to the presidential office, the Central African Republic (CAR) has officially accepted Bitcoin as legal tender, becoming the second country to do so after El Salvador.
The Central African Republic officially adopts Bitcoin as legal tender
Faustin Archange President Touadera has signed a bill making Bitcoin legal tender alongside the CFA franc and legalizing the use of the cryptocurrency.
The CAR “is the first country in Africa to adopt bitcoin as legal tender. This move places the Central African Republic on the map of the world’s boldest and most visionary countries,” he declared.
#UPDATE The Central African Republic has adopted bitcoin as legal tender, the president’s office said Wednesday, becoming the second country in the world to do so behind El Salvador pic.twitter.com/Jv8CoGDOGW
— AFP News Agency (@AFP) April 27, 2022
Oliver Koblížek later shared the official press release.
🚨 Official press release from the Central African Republic states Bitcoin is a official currency (original document and a google translated version below) @BTC_Archive @DocumentingBTC @APompliano @gladstein @LordFusitua @Dennis_Porter_ @BitcoinMagazine pic.twitter.com/U5vqdz4oB5
— Oliver Koblížek ⚡ (@Stromens) April 27, 2022
It’s worth mentioning that Finbold reported on April 25 that the Central African Republic passed a bill regulating cryptocurrencies but had yet to adopt Bitcoin. Notably, on September 7, El Salvador became the first country to accept Bitcoin.
Notably, on September 7, El Salvador became the world’s first country to accept the leading cryptocurrency. Citizens of the Central American nation were permitted to use the digital ands well as the US dollar, which has served as the country’s official currency for more than two decades, to pay for any item or service via the use of the ‘Chivo’ wallet application.
The International Monetary Fund (IMF) expressed strong opposition to the adoption.
Read more:
- The Association Of Banks Of Russia Has Proposed That Lawmakers Ban Self-Custody Wallets
- One Of The Largest Banking Institutions In Germany Has Confirmed It Applied For A Local Crypto License