Will An African Country Be The Next To Adopt Bitcoin?
The continent is ripe for the opportunity of embracing the interconnecting digital economy of Bitcoin.With El Salvador becoming the first country to give legal tender status to bitcoin, it begs the question: should African countries follow suit? After June 8, we can say that the world entered the “nation state game theory” phase of Bitcoin adoption. Latin American neighbors to El Salvador, such as Panama, have started mulling over the prospects of passing similar legislation, as they don’t want their nations to be left behind. Latin American countries are not the only nations feeling....
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As it turns out, the Central African Republic did not adopt bitcoin as legal tender. Yesterday, a Forbes Monaco article took the bitcoin world by storm. It said an African country had followed El Salvador’s footsteps and adopted BTC as a currency within its borders. The weird thing was, no other major outlets picked up […]
The African country has become the second nation in the world to adopt bitcoin as legal currency.
Following the confusion that surrounded initial reports, a senior staffer in the Central African Republic (CAR)’s presidency has now confirmed that bitcoin will become the country’s reference currency. First Country in Africa to Officially Adopt Bitcoin A press statement supposedly issued by the office of the Presidency of the Central African Republic (CAR) appeared to confirm reports by multiple media outlets suggesting that the bill passed by the National Assembly not only proposes to govern cryptocurrencies but recognizes bitcoin as a reference currency. In a statement....
The Central African Republic’s token sale appeared to have gotten to a slow start after less than 13 million out of the 210 million Sango coins were sold since the commencement of the sale on July 25. The country has claimed its decision to adopt bitcoin has won praise from “other African countries exploring the possibilities of adopting a similar system.”
Just Over $1.2 Million Raised Since Token Sale Commenced
The sale of the Central African Republic (CAR)’s Sango crypto token, which commenced on July 25, has reportedly started off slowly with just....
As it turns out, the Central African Republic is the second country in the world to adopt bitcoin as legal tender. The news is confirmed by an official press release from the president’s chief of staff, Obed Namsio. The document surfaced on the country’s Facebook page, and, among other things, says that the law project […]