Share this article
BTC
$83,190.46
-
0.29%ETH
$1,804.51
-
0.21%USDT
$0.9999
+
0.02%XRP
$2.1260
-
0.34%BNB
$591.62
-
0.36%SOL
$119.99
-
0.49%USDC
$1.0002
+
0.03%DOGE
$0.1666
-
1.10%ADA
$0.6431
-
1.78%TRX
$0.2366
-
0.39%LEO
$9.1609
-
0.73%LINK
$12.74
-
0.63%TON
$3.2584
-
1.58%XLM
$0.2511
-
2.44%SHIB
$0.0₄1223
-
0.77%AVAX
$17.32
-
4.40%SUI
$2.1730
-
2.48%HBAR
$0.1591
-
2.04%LTC
$82.11
-
2.06%OM
$6.2517
-
0.30%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Central African Republic Adopts Bitcoin as Legal Tender
A statement from the president's office on Wednesday confirms the passage and signing of the necessary legislation.
Confirming rumors that had been around for a few days, the Central African Republic has become the second nation in the world to adopt bitcoin (BTC) as legal tender.
- According to a statement from President Faustin Archange Touadera's office, the National Assembly passed, and he signed, a bill drafted by the minister of digital economy, Gourna Zacko, and the minister of finance and budget, Calixte Nganongo.
- The legislation established a legal and regulatory framework for cryptocurrencies, and made bitcoin legal tender alongside the existing CFA franc.
- “There’s a common narrative that sub-Saharan African countries are often one step behind when it comes to adapting to new technology,” Finance Minister Herve Ndoba said last week, as quoted in Bloomberg. “This time, we can actually say that our country is one step ahead.”
- The Central African Republic has a population of 4.83 million, around 11% of which have access to the internet. Less than a year ago, El Salvador became the first country to adopt bitcoin as legal tender.
STORY CONTINUES BELOW
Oliver Knight
Oliver Knight is the co-leader of CoinDesk data tokens and data team. Before joining CoinDesk in 2022 Oliver spent three years as the chief reporter at Coin Rivet. He first started investing in bitcoin in 2013 and spent a period of his career working at a market making firm in the UK. He does not currently have any crypto holdings.
