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Bitcoin is Legalized in the Central African Republic

Bitcoin is Legalized in the Central African Republic

The Central African Republic has become the second country in the world and the first in Africa to legalize Bitcoin as a means of payment.

According to the information, the bill was approved in the State Parliament on April 21.

According to the authorities, the adoption of BTC as legal tender will optimize the country’s infrastructure, as well as provide an opportunity for the introduction of blockchain technology in various sectors of the economy. In other words, all payments can be made using BTC, perhaps, as was the case in El Salvador, the authorities will launch their own wallet and provide businesses that use BTC with some discounts.

This news was also reported by several well-known representatives of the crypto industry, including the CEO of Binance.

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