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Central African Republic will adopt Bitcoin as legal tender: Report

04/27/2022

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2022.04.27 21:01

Central African Republic will adopt Bitcoin as legal tender: Report

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 president’s chief of staff, said the move was aimed at making the CAR one of the “boldest and most visionary” in the world.

04/27/2022

Less than a minute

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