Central African Republic becomes second country to adopt Bitcoin as legal tender
Written by on April 28, 2022
The Central African Republic (CAR) has become the first African country and the second globally to approve Bitcoin as a legal tender.
This was disclosed in a statement released by the office of the country’s president Wednesday.
Mr Namsio noted that President Faustin Touaderahad signed a bill into law to make Bitcoin a legal tender alongside the CFA franc, and that lawmakers voted unanimously to approve the move.
The conflict-torn nation is one of the world’s poorest countries, but is rich in diamonds, gold and uranium.
The move by the country is coming nearly eight months after El Salvador, a country in Central America, announced that it had adopted the digital currency as a fiat—the first country in the world to officially adopt Bitcoin as a legal tender.