Bitcoin now a Legal Tender in Central African Republic: Full Details – Bitcoin cryptocurrency is now becoming worldly recognized. Today announcement has been made on Bitcoin becoming a legal tender in Central African Republic. Full details on how it was achieved and the way forward for cryptocurrency traders have been provided. Indeed, it is time to make money…

Bitcoin now a Legal Tender in Central African Republic: Full Details

On Wednesday, The President of The Central African Republic (CAR) announced as he adopted bitcoin as a legal currency. This implies that Bitcoin is now generally acceptable in the country.

The importance of Bitcoin (BTC) is now visioned by many and is mostly in the favour of traders…

Read: Vital Steps on How to become a Successful Bitcoin Trader

CAR becomes the first African nation and the second in the world to officially embrace bitcoin.

The government said citizens can use it in regular commerce and also to pay taxes.

Recommended: Use Bitcoin to start your Trading Journey Today

Lawmakers approved a bill legalizing the use of cryptocurrencies, making bitcoin and the CFA franc legal tender.

President Faustin Archange Touadera has signed it into law, according to Chief of Staff Obed Namsio.

“This move places the Central African Republic on the map of the world’s boldest and most visionary countries”, Namsio said in a statement.

In 2021, El Salvador became the first country to declare bitcoin a legal currency.

More countries in Africa would be enlisted in no distant time

Read: Binance Crypto Recruitment Application Form Portal 2022/2023: Apply Here

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