Bitcoin Declared Legal Currency in Central African Republic
- Country follows El Salvador in adopting cryptocurrency
- Central African Republic is among world’s poorest nations
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The Central African Republic declared Bitcoin an official currency, becoming the second nation after El Salvador to accept the cryptocurrency as legal tender.
“Cryptomoney including Bitcoin is now considered an official currency in CAR,” Albert Mokpeme, spokesman for President Faustin-Archange Touadera, said Thursday by phone from the capital, Bangui. “By legalizing the use of Bitcoin, CAR hopes to attract investors,” he said, adding that its use will ease money transfers that can “sometimes be complicated in our country.”