Sign in to follow this  
Followers 0

Open the name of the second country in the world approve bitcoin as official currency

1 post in this topic

Open the name of the second country in the world approve bitcoin as official currency


Central African countries Authorize Bitcoin as Legal Money is the second country in the world In the footsteps of El Salvador

On April 28, 2022, the BBC reported that The Central AfricanSLOTXORepublic (CAR) approves bitcoin as a legal currency. Being the second country in the world, CAR is one of the poorest countries in the world. but rich in diamonds, gold and uranium


CAR has been devastated by conflicts that have been going on for decades. and is a close ally with Russia. Soldiers from the well-known Russian mercenary group, the Wagner Group, are there to help fight the rebels in the CAR.

A statement from the president stated that Legislators Unanimously Vote to Legalize Bitcoin

"The move has made CAR famous for being the most courageous and visionary in the world," said some of the statements in the statement.

El Salvador was the first country to use bitcoin as its official currency. in September 2021, a move that has been criticized by many economists. including the International Monetary Fund (IMF), which argues that it increases the risk of financial instability.


while others expressed concern that “Cryptocurrencies” May Make It Easier for Criminals to Launder Money and may cause damage to the environment because it uses a large amount of electricity to produce

The internet is essential to using digital currencies, but in 2019 only 4% of CAR citizens had access to the website. According to information from the WorldData website

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now
Sign in to follow this  
Followers 0