The Central African Republic (CAR) officially adopted Bitcoin as legal tender

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.

Oliver Koblížek later shared the official press release.

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.

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