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The Central African Republic has adopted bitcoin as legal tender, the president’s office said Wednesday, becoming the second country in the world to do so behind El Salvador.
Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies.
The chief of staff Obed Namsio narrated in a statement that the President, Faustin Archange Touadera signed the measure into law.
Namsio said “central africa republic is the first country in Africa to adopt bitcoin as legal tender,”
“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 became the world’s first bitcoin adopter on September 7.
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