CryptocurrencyThe Central African Republic Bets On Bitcoin

The Central African Republic Bets On Bitcoin

The people of the Central African Republic (CAR) are on a mission to be the first country in Africa to enable widespread bitcoin adoption. They are the second country in the world (after El Salvador) to officially adopt bitcoin as legal tender for use in regular commerce and for paying taxes.

In April 2022, President Faustin-Archange Touadéra signed into law a bill (which passed unanimously) making bitcoin and the CFA franc the legal currency of the Central African Republic.

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