While the discussions about cryptocurrencies are incessant, from the African country Bitcoin legal currency unit decided to accept it. Central African Republicannounced that it will start using Bitcoin as the official currency along with the CFA franc.
With the new resolution taken in the national assembly of the Central African Republic, another country after El Salvador showed that it is ready to legalize Bitcoin. As a result of voting regulatory law for cryptocurrency Agreeing, the parliament said the country would have two different official currencies.
El Salvador’s Bitcoin plans fell through!
Bitcoin survey was conducted with citizens of El Salvador. Locals’ use of crypto still doesn’t come close to the dollar.
Bitcoin becomes legal tender in the Central African Republic
After the statement by Obed Namsio, Minister of State of the Central African Republic and Presidential Cabinet Official, it was stated that Bitcoin is legally accepted. The national assembly said that this move would “declare the Central African Republic”.The bravest and visionary countries in the worldHe said he put it on his list.
Although Central African Republic officials believe that they have taken a huge step with crypto money, it should be noted that even access to the Internet is insufficient throughout the country. According to WorldData’s 2019 data, only the African country 4% have internet access.
This step, however, already uses the same currency as other ex-French colonial countries (CFA franc), it is thought to provide financial freedom for the Central African Republic. In addition, those who want to use the country’s gold resources Russia and France Cryptocurrency has now been added to the tension between
Former Prime Minister of the Central African Republic and opposition MP Martin Ziguélé stated that the law was passed with applause. However, Ziguélé said they would criticize the law on Bitcoin, which even the largest economies do not trust.
As you know, last year El Salvadorwas the first country in the world to legally accept Bitcoin. However, the statements about El Salvador from institutions such as the International Monetary Fund (IMF) were not delayed. IMF; on financial stability, financial integrity and protection of consumer rights. Bitcoin can be dangerous had said.
Bitcoin, which is currently only accepted as a legal tender in El Salvador and the Central African Republic, Ukraine It is used to receive donations. However, various countries have stepped up their steps on crypto.
So what do you think about Bitcoin as a legal currency? You can share your views in the comments or on the SDN Forum.