Central African Republic Adopts Bitcoin As Legal Tender - Investment

Central African Republic Adopts Bitcoin As Legal Tender - Investment - Nairaland

Nairaland Forum › Nairaland General › Investment › Central African Republic Adopts Bitcoin As Legal Tender (21720 Views)

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Central African Republic Adopts Bitcoin As Legal Tender by HonNL(op): 3:12pm On Apr 27, 2022

El-Salvador was the first.

OFFICIAL: Central African Republic becomes the 2nd nation in the world to adopt #Bitcoin as legal tender

SOURCE

OFFICIAL: The Central African Republic has adopted #bitcoin as legal tender

SOURCE

PRESIDENCY OF THE REPUBLIC CENTRAL AFRICAN REPUBLIC Unity - Dignity - Work CABINET MANAGEMENT NAME PR / DIRCAB / 22 . PRESS RELEASE The President of the Republic, Head of State, Professor Faustin Archange TOUADERA took note with satisfaction and enthusiasm of the unanimous decision of the National Assembly relating to the bill which establishes the legal framework which governs crypto - currencies and establishes Bitcoin as the official currency in the Central African Republic. The adoption of Bitcoin as an official currency represents a decisive step towards opening up new opportunities for our country. By this historic decision, the plan for economic recovery and consolidation of peace is entering a new phase and the Executive is showing consistency in the application of the agenda which prevolts

the achievement of strong and inclusive growth for the benefit development and economic performance, which ultimately will generate prosperity for our fellow citizens. President of the Republic, Head of State will support all the necessary efforts, in compliance with the law, in order to complete this process which places the Central African Republic on the map of the most courageous and visionary countries in the world, for all which means and implies the acceptance of cryptocurrencies as means of payment. The Central African Republic is not only the first country in Africa to adopt Bitcoin as its benchmark currency, but also the first country in the world to unanimously adopt the bill that governs cryptocurrency. We are setting out on a new path that will mark a new stage for our country, while being aware of the difficulties that we will

have to face to pursue our mission. In a progressive, forward-looking vision, our Nation must be able to pursue its destiny and join the ranks of those who not only fully understand the importance of Blockchain technology, but who are also eager to legislate . Our priority is to think about how the lives of our fellow citizens will change and about the means necessary to create a stable and prosperous economy. We should do everything in our power for the common good, bearing in mind the heritage that we have a duty to leave to future generations. Done in Bangui, April 26, 2022 The Minister of State, Director of Cabinet of the Presidency of the Republic Love Stor CHINM EVENSTVER BERT Obed NAMSIO

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Re: Central African Republic Adopts Bitcoin As Legal Tender by Nobody: 3:34pm On Apr 27, 2022

Meanwhile UAR banned it

45 Likes

Re: Central African Republic Adopts Bitcoin As Legal Tender by Abilistic(m): 3:34pm On Apr 27, 2022

While it's illegal in naija

52 Likes 2 Shares

Re: Central African Republic Adopts Bitcoin As Legal Tender by Admiral49(m): 3:34pm On Apr 27, 2022

My trust wallet

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Re: Central African Republic Adopts Bitcoin As Legal Tender by Nobody: 3:34pm On Apr 27, 2022

Ehhh . Ogun yee

3 Likes

Re: Central African Republic Adopts Bitcoin As Legal Tender by todaynewsreview: 3:34pm On Apr 27, 2022

Slow and steady.....why many coins will survive, many tokens will fade off. Better getting a coin than all these tokens that'll jump up today and dump tomorrow especially for newbies

11 Likes 1 Share

Re: Central African Republic Adopts Bitcoin As Legal Tender by MILITO12345(m): 3:34pm On Apr 27, 2022

�

Re: Central African Republic Adopts Bitcoin As Legal Tender by CAPSLOCKED: 3:35pm On Apr 27, 2022

anewchapter:
Meanwhile UAR banned it

JUST AS THEY FORBID CITIZENS FROM NEARLY EVERY GOOD THING.

29 Likes 1 Share

Re: Central African Republic Adopts Bitcoin As Legal Tender by Seniorwriter(m): 3:35pm On Apr 27, 2022*

Nice....Way to go...

If you yet own a Digital Currency Wallet with savings of CRIPTOCURRENCY in it then you are unwise.
Howbeit peaceout to my fellows earning on BINANCE on a daily.

chibuike65:
Way to go

psalmsmiles:
way to go

Pinned.

Emeskhalifa:
Where can one save it then? Especially one looking at long term (10yrs minimum)

What do you want to save....they are wallets that saves.

@Seniorwriter

4 Likes 2 Shares

Re: Central African Republic Adopts Bitcoin As Legal Tender by Emmastan291: 3:35pm On Apr 27, 2022

Men will relocate there...

1 Like

Re: Central African Republic Adopts Bitcoin As Legal Tender by burudichange: 3:35pm On Apr 27, 2022

Good move and initiatives

Re: Central African Republic Adopts Bitcoin As Legal Tender by Stephendeals: 3:35pm On Apr 27, 2022

buying an inn there soon

na to japa there for seamless transactions...

1 Like

Re: Central African Republic Adopts Bitcoin As Legal Tender by Creditalerts: 3:35pm On Apr 27, 2022

We move cool

Re: Central African Republic Adopts Bitcoin As Legal Tender by hammedkola(m): 3:35pm On Apr 27, 2022

And the much needed Africa Economy Disruption begins

12 Likes

Re: Central African Republic Adopts Bitcoin As Legal Tender by psalmsmiles(m): 3:36pm On Apr 27, 2022

way to go

Re: Central African Republic Adopts Bitcoin As Legal Tender by Perfecttouchade: 3:36pm On Apr 27, 2022

Cool

1 Like

Re: Central African Republic Adopts Bitcoin As Legal Tender by chibuike65: 3:36pm On Apr 27, 2022

Way to go

2 Likes

Re: Central African Republic Adopts Bitcoin As Legal Tender by sirsugar(m): 3:36pm On Apr 27, 2022

So, we already dealing with Bitcoin for naija for long

Re: Central African Republic Adopts Bitcoin As Legal Tender by diplomat058(m): 3:37pm On Apr 27, 2022

Aplea:
Now this is a truly progressive country

Lol. CAR progressive? A country devastated by human, financial and monetary crises? Does the average CAR citizen even know what Bitcoin is? I guess this is a step of the country's elite to always convert their forex income to Bitcoins, instead of their worthless currency. I expect the likes of Zimbabwe also to follow suit.

I understand Nigeria is terrific but you shouldn't be quick to praise other African nations too. Most are also shits like Nigeria

41 Likes 3 Shares

Re: Central African Republic Adopts Bitcoin As Legal Tender by wpadmin: 3:39pm On Apr 27, 2022

We are getting there folks.

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Re: Central African Republic Adopts Bitcoin As Legal Tender by Topmaike007(m): 3:39pm On Apr 27, 2022

Re: Central African Republic Adopts Bitcoin As Legal Tender by Spiritmask: 3:39pm On Apr 27, 2022

CAR, We Crypto lovers are on our way to spend massively in building ur economy with our coins

12 Likes 1 Share

Re: Central African Republic Adopts Bitcoin As Legal Tender by Nobody: 3:40pm On Apr 27, 2022

Is alright

Re: Central African Republic Adopts Bitcoin As Legal Tender by inspector44(m): 3:40pm On Apr 27, 2022

They try

Re: Central African Republic Adopts Bitcoin As Legal Tender by Dproperties: 3:40pm On Apr 27, 2022

Congratulations on

Re: Central African Republic Adopts Bitcoin As Legal Tender by Eriokanmi: 3:42pm On Apr 27, 2022*

Oh Nigeria, where art thy giantNESS? shocked

Re: Central African Republic Adopts Bitcoin As Legal Tender by Nobody: 3:43pm On Apr 27, 2022

Information from this site states the country is looking to regulate cryptos and not accept Bitcoin: https://bitcoinist.com/central-african-republic-bitcoin-legal-tender/

Besides that, the news has not been picked by mainstream media other than most crypto and bitcoin-news-related websites, and only a few of them are reporting the news.

5 Likes 1 Share