Cryptocurrency Q&A
Is bitcoin a legal tender in Central Africa?
Is bitcoin a legal tender in Central Africa?
TaekwondoMasterStrengthHonorGlory
Wed Jul 10 2024
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7 answers
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Could you please elaborate on the legal status of Bitcoin in Central Africa? Is it widely accepted as a form of legal tender in the region? Or is it still seen as a speculative asset or even an unregulated currency? Understanding its legality and usage in Central Africa is crucial for businesses and individuals looking to engage in crypto transactions within the region. Clarifying this matter would provide valuable insight into the current state of Bitcoin adoption and regulation in Central Africa.
7 answers
charlotte_wilson_coder
Fri Jul 12 2024
The law officially recognized Bitcoin as a legal tender in the Central African Republic.
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Sara
Fri Jul 12 2024
This made the Central African Republic the first country in the world to adopt Bitcoin as its official currency.
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Paolo
Fri Jul 12 2024
However, less than a year later, in April 2023, the Central African Republic reversed its decision.
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Leonardo
Fri Jul 12 2024
On April 22, 2022, the Central African Republic's parliament voted for a cryptocurrency law.
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Valentina
Fri Jul 12 2024
The country agreed to repeal the adoption of Bitcoin as legal tender.
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