Central African Republic adopted the cryptocurrency as legal currency

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The Central African Republic has recognized the world's largest and most popular cryptocurrency, bitcoin as its legal currency.

  • It became the second country in the world and the first country in the continent of Africa to legalise bitcoin.

  • In 2021, El Salvador became the first country in the world to legalise bitcoin.

  • Now people there can pay tax in crypto currency through government recognized platforms.

  • The Central African Republic is one of six countries in Africa that use the Central African CFA franc.

  • The Central African CFA franc is a regional currency issued by the Bank of Central African States (BEAC).

  • About Central African Republic -

  • The Central African Republic is a landlocked country located in Central Africa.

  • Despite being rich in diamonds, gold, oil, uranium, the Central African Republic is today counted among the poorest countries.

  • It became independent from France in 1960.

  • Capital- Bangui

  • President- François Bozize

  • Prime Minister- Faustin-Archange Touadera

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