Central African Republic to Adopt Bitcoin as Legal Tender

The National Assembly of the Central African Republic has unanimously passed a crypto-related bill that plans to adopt Bitcoin as a payment currency. The Central African Republic has become the first country in Africa to adopt Bitcoin as a payment currency. The application of the legal-tender implies the acceptance of cryptocurrencies as a legal means of payment established through specific legislation. The bill establishes the legal framework for cryptocurrency regulation and Bitcoin as the official currency of the Central African Republic, and will completely transform the CAF’s digital infrastructure by applying the blockchain technological innovation necessary for the project’s implementation.