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.
President- François Bozize
Prime Minister- Faustin-Archange Touadera
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