On September 7, 2021, El Salvador was the first country in the world to adopt bitcoin as legal tender.
The Central African Republic, the second least developed country in the world according to the UN, has adopted bitcoin as its official currency alongside the CFA franc and legalized the use of cryptocurrencies, the presidency announced on Wednesday, ensuring that it is the first country to do so in Africa.
Read alsoRussia would use bitcoins to circumvent sanctions
The National Assembly votedunanimously“of the deputies present the law”governing cryptocurrency in the Central African Republic” and President Faustin Archange Touadéra promulgated it, assures in a press release the Minister of State and Chief of Staff of the Presidency, Obed Namsio, adding: the Central African Republic is “the first country in Africa to adopt bitcoin as a reference currency“.
On September 7, 2021, El Salvador was the first country in the world to adopt bitcoin as legal tender and the International Monetary Fund (IMF) immediately denounced a dangerous decision for the “financial stability, financial integrity and consumer protection“.
Read alsoUnited States: asset manager Fidelity opens its retirement savings plans to bitcoin
“This approach places the Central African Republic on the map of the most courageous and visionary countries in the world.», Considers on the contrary the presidency of the Central African Republic, a country in civil war for almost nine years.
SEE ALSO – In El Salvador, bitcoin becomes legal tender