Bitcoin declared legal currency in Central African Republic. Country follows El Salvador in adopting cryptocurrency.
Bitcoin will be considered legal tender alongside the regional Central African CFA franc.
Lawmakers in the CAR’s parliament voted unanimously to pass a bill legalizing bitcoin and other cryptocurrencies, according to a statement from the presidency.
The Central African Republic(CAR) is rich in diamonds, gold and other valuable minerals, but ranks as one of the world’s poorest and least-developed countries.
“The big question is who the cryptocurrency ruling is for,” David Gerard, an independent author who has followed crypto closely over the years, told CNBC.
“Internet coverage in the CAR is 11%. Perhaps the government has been told that this will bootstrap payments in the country, but it’s not clear how.”
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
