The African nation will reportedly join a short list of countries to adopt cryptocurrency as legal tender. The roughly five million residents of the Central African Republic, or CAR, will now reportedly be able to use Bitcoin in addition to the country's franc as legal tender. According to a Wednesday report from news outlet Agence France-Presse, Central African Republic President Faustin-Archange Touadéra has signed a bill into law establishing a regulatory framework for the use of cryptocurrency in the country as well as adopting Bitcoin (BTC) as legal tender. Obed Namsio, the....
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 […]
The African country has become the second nation in the world to adopt bitcoin as legal currency.
Bitcoin advocates have visited the Central African Republic and offered advice on how the country can best adopt BTC as legal tender.
After adopting bitcoin as legal tender, the Central African Republic now wants to create a cryptocurrency economic zone – Sango.