BitcoinBitcoin NewsBTC NewsCryptoCryptocurrency NewsNews

Central African Republic Now Accepts Bitcoin as its Legal Tender

Central African Republic Now Accepts Bitcoin as its Legal Tender

The famous Twitter and YouTube crypto influencer Moon Carl recently broke the news on Twitter that the Central African Republic accepted Bitcoin as its legal tender. 

The Central African Republic will be the third country to accept Bitcoin as legal tender

The Bitcoin craze is sweeping the internet. Bitcoin is now accepted as legal tender in the Central African Republic, following in the footsteps of other countries such as Lugano, Honduras, Prospera, and El Salvador.

According to a report, National Assembly members voted overwhelmingly to make cryptocurrencies legal tender.

The Central African Republic’s ministers of finance and budget, Calixte Nganongo and Gourna Zacko drafted and proposed legislation providing a legal framework for crypto regulation, as well as Bitcoin as an official currency, in the Central African Republic.

For the sake of economic recovery and peacebuilding, both houses of Congress voted in favor of the legislation. El Salvador’s President, Nayib Bukele, has long been optimistic about the potential of cryptocurrencies and often discusses them in public.


Related Articles

Russia is Considering Accepting Bitcoin as Payment for Oil and Natural Gas

Mridul Srivastava

The Cryptocurrency Industry Could Be Killed by India’s Taxes as per Binance CEO

Mridul Srivastava

Three Arrows Capital Files For Bankruptcy

Mridul Srivastava