Central African Republic Becomes First African Country to Adopts Bitcoin As Legal Currency

29 Apr 2022

The president’s office of the Central African Republic has confirmed rumors that that the country has adopted bitcoin as legal tender, becoming the first African country to do so and second in the world`after El Salvador.

Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies.

President Faustin Archange Touadera signed the measure into law, his chief of staff Obed Namsio said in a statement.

The CAR is the first country in Africa to adopt bitcoin as legal tender, Namsio said.

This move places the Central African Republic on the map of the world's boldest and most visionary countries, he declared.