The Central African Republic has adopted bitcoin as legal tender, becoming the second country in the world to make the move after El Salvador. The Central African Republic has officially become the second country to adopt Bitcoin (BTC) as legal tender..
Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and President Faustin Archange Touadera signed the measure into law, his chief of staff Obed Namsio said in a statement. The CAR “is the first country in Africa to adopt bitcoin as legal tender,” Namsio said; “This move places the Central African Republic on the map of the world’s boldest and most visionary countries,” he declared.
The landlocked state is one of the planet’s poorest and most troubled nations, with an economy that is heavily dependent on mining.
El Salvador a country in the Central America became the world’s first bitcoin adopter on September 7.