2 May 2022. RT: The world’s most popular cryptocurrency – Bitcoin – has become legal tender in the Central African Republic.
Lawmakers unanimously voted to adopt Bitcoin alongside the country’s traditional currency, the CFA franc, and the country’s President signed the measure into law on Wednesday, the president’s office said in a statement. The law also legalizes the use of digital currencies and makes cryptocurrency exchanges exempt from tax.
The move “places the Central African Republic on the map of the world’s boldest and most visionary countries”, the presidency said. The opposition, however, disagreed, saying that the law is aimed at undermining the regional currency that’s backed by France and pegged to the euro. The CFA franc is shared by the Central African Republic, Cameroon, Chad, the Republic of Congo, Gabon and Equatorial Guinea.