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Central African Republic adopts bitcoin as legal currency The | 🛡CA Capital Announcements

Central African Republic adopts bitcoin as legal currency

The Central African Republic has adopted bitcoin as legal tender, the president's office said Wednesday, becoming the second country in the world to do so after El Salvador.

The CAR is one of six central African countries that share the CFA franc - a regional currency that is backed by France and pegged to the euro.

Under it, citizens of the central American country were allowed to use the digital currency - along with the US dollar which has been the official currency for two decades - to pay for any goods or service, using a cyber wallet app.

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