Why Did Francophone Bitcoiners Met With Central African Republic’s Authorities?
Last month, the Central African Republic surprised the world by making bitcoin legal tender. As it happened with El Salvador, Bitcoiners from around the world jumped to support the project. On May 22nd, a French-speaking bitcoin-heavy delegation of sorts landed in Bangui, the Central African Republic’s capital. Why were they there? To talk bitcoin, that’s […]
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Remember the francophone Bitcoiners that visited the CAR a couple of weeks ago? Well, they released a “Report from the Bitcoin Delegation in the Central African Republic” and we’re about to summarize what it says. The “Bitcoin Delegation” issued the report in Paris and it addresses President Faustin-Archange Touadéra directly. “This document will also be […]
As it turns out, it’s a Bitcoin Law after all. The full text from the Central African Republic’s law that makes bitcoin legal tender is finally out, clearing all kinds of doubts and questions that the world had. And creating new ones. Bitcoinist already told you most of the things you had to know about […]
Alex Gladstein and Fodé Diop join a Bitcoin Magazine Twitter Spaces to share updates about the Central African Republic’s plan for Bitcoin adoption.
Central African Republic (CAR) president Faustin-Archange Touadera announced recently that cryptocurrencies are an alternative to cash. Bitcoiners, however, insist the top cryptocurrency is the only solution to the CAR’s money problems. Formal Economy Not an Option Central African Republic president Faustin-Archange Touadera has said cryptocurrencies are an alternative to fiat cash. Touadera also claimed that “the formal economy is no longer an option” for the CAR. According to a Zawya report, Touadera’s latest pro-crypto remarks were made just as his country....
The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well.
CAR’s Bitcoin Adoption Has Financial and Legal Issues
The IMF has reportedly said the CAR’s recent decision to adopt bitcoin poses a number of challenges for the country and the region. The comments by the global lender mark the first time it has publicly reacted to CAR’s decision to....