Bitcoin has become legal tender in another country

According to the information, the president also signed a law to that effect during the day. The Central African Republic thus recognized bitcoin as the legal tender for the second time in the world after Salvador and the first on the African continent. The legislature of the African country voted unanimously in favor of the relevant law. Salvador in Central America decided to introduce bitcoin last fall. The International Monetary Fund (IMF) has called this a dangerous step “in terms of financial stability and integrity and user protection”.

“The measure places the Central African Republic among the bravest and most forward-looking countries,” said Namsio, whose country has been in a state of civil war for almost nine years and is the penultimate in terms of the UN’s Human Development Index. The current currency, the African Monetary Community Franc, is accepted not only in the Central African Republic but also in Equatorial Guinea, Gabon, Cameroon, the Republic of the Congo and Chad.

Source: – Bank by

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