Central African Republic adopts bitcoin as legal tender
The Central African Republic has adopted bitcoin as its official currency alongside the CFA franc. The country has also legalised the use of cryptocurrencies, the presidency announced on Wednesday.
The National Assembly voted “unanimously” and considered the law “governing cryptocurrency in the Central African Republic” and President Faustin Archange Touadéra promulgated it. The Minister of State and Director of Cabinet of the Presidency, Obed Namsio said in a statement.
On 7 September 2021, El Salvador became the first country in the world to adopt bitcoin as a legal tender and the International Monetary Fund (IMF) immediately denounced the decision as dangerous for “financial stability, financial integrity and consumer protection”.
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