El Salvador is no longer the only country to recognize Bitcoin as its national currency, establishing a global trend for the digital asset.
suggested that crypto adoption would help spur the nation’s economic recovery and peacebuilding initiatives.
Yet, Wednesday’s report makes clear that Bitcoin will be made legal tender in the CAR, alongside the CFA franc. Meanwhile, other cryptocurrencies have become “legalized” for use.According to Chief of Staff Obed Namsio, President Faustin Archange Touadera has now signed the legislation into law. El Salvador was the first nation to pass Bitcoin as legal tender in June of 2021. The nation’s president Nayib BukeleBitcoin, the IMF, and the Global Souththe IMF, whenever it has a bad word to say about his decision to adopt Bitcoin.
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