The Central African Republic Adopts Bitcoin As Legal Tender

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The Central African Republic (CAR) has adopted bitcoin as legal tender, the president’s office said on Wednesday.

The move makes the African country the second nation in the world to officially adopt BTC as a lawful currency, enabling its citizens to use it in regular commerce as well as to pay taxes.

CAR lawmakers unanimously approved a bill legalizing the use of cryptocurrencies in the country and making bitcoin and the CFA franc legal tender. President Faustin Archange Touadera then signed the measure into law, his chief of staff Obed Namsio said in a statement.

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