Central African Republic Officially Adopts Bitcoin as Legal Tender in Landmark Decision

In a groundbreaking move, the Central African Republic (CAR) has adopted bitcoin as legal tender, the president's office said Wednesday, becoming the second country in the world to do so after El Salvador. This landmark decision, confirmed by a statement from the presidency, marks a significant shift in the nation's economic landscape.

Lawmakers in the CAR's parliament voted unanimously to pass a bill legalizing bitcoin and other cryptocurrencies, according to a statement from the presidency. The move makes the African country the second nation to officially recognize Bitcoin's legal status.

The Central African Republic has become the second country to adopt Bitcoin as legal tender, after being signed into law by the country’s President. Parliamentarians in the country ratified the decision, solidifying the country’s position at the forefront of cryptocurrency adoption. This pivotal moment signifies a bold step towards financial innovation for the CAR.

The Central African Republic's decision to adopt Bitcoin as legal tender came as a surprise to many, but the government argues that it will secure an independent financial future. This strategic initiative aims to modernize the CAR's financial system and potentially attract investment.

The Central African Republic has adopted bitcoin as legal tender, the president’s office said on Wednesday. This historic decision positions the CAR as a pioneer in the global adoption of cryptocurrency, potentially setting a precedent for other nations to follow.