Central African Republic adopts bitcoin as legal currency / Photo: Ozan KOSE - AFP/File
-
Newark Welfare Deficit Exceeds £140m Annually, Report Finds
-
Basil Tuma Scores First Senior Goal as Malta Draws with Ten-Man Eswatini
-
PUK Leader Declares Largest Political Crisis in Kurdistan Region History
-
Korea Reviews GLP-1 Vision Loss Warnings Following US FDA Action
-
Below Deck alumnus João Franco and brother arrested after fatal Turkey fight
-
Ole Miss inquiry expands after video and monkey-noise allegations
-
Thousands of Urban Homes Left Without High-Speed Internet Due to Broadband Blackspots
-
General Hospital actor Randall England dies at 75
-
Bunnie XO artwork taken down from Jelly Roll’s Nashville bar
-
Boris Herrmann Claims Second Place in IMOCA Class at Route du Rhum
-
London museum removes Russell Brand hair exhibit after rape conviction
-
Arlington sentinel rebukes Pete Hegseth entourage for laughter near memorial
-
Yella Beezy sentenced to life for arranging rapper Mo3’s murder
-
Kylie Jenner employee describes closet ordeal and pepper-spray incident
-
Raz B's Son Died of Asphyxia Due to Airway Obstruction
-
Synchron Halts Clinical Trials of Second-Generation Brain Implant Due to Performance Issues
-
Authorities to identify Montauk Mary and five other Long Island cold-case victims
-
Davante Adams injury deepens Los Angeles Rams receiver shortage
-
Barbie sequel negotiations stall over reported $25 million pay packages
-
João Franco’s earlier post draws attention after arrest over fatal Turkey brawl
-
Bath & Body Works launches buy-one-get-one-free candle offer
-
Itlu Arjuna receives U/A certificate ahead of theatrical release
-
Angola Marks 51 Years of Independence and 50 Years of Diplomatic Ties with Egypt
-
Dhananjaya de Silva guides Sri Lanka to 221-4 against Pakistan
-
Niraj Kumar earns Los Angeles Olympic quota with 50m rifle bronze
-
Delhi gold loses Rs 800 while silver falls Rs 5,000
-
India extends micro-credit guarantee plan for five years
-
Pradeep Antony, Smeha Manimegalai portray secret spouses in Mr & Mrs Office
-
Zelenskyy arrives in Dublin for meetings on Ukraine and peace efforts
-
Woman barred from every Greggs outlet after series of offences
-
Jury hears social-media image helped identify teen in Scarlett Faulkner case
-
Ketchup packets link suspect to break-in at Eddie Rocket’s restaurant
-
American Airlines passenger falls ill and vomits on three travellers
-
Spain's General Strike Links Housing Crisis to Lost Purchasing Power
-
US Inflation Broadens as Fed Officials Consider Faster Rate Hikes
-
China's Singles' Day Exposes Persistent Consumer Caution
-
China's Trade Surplus Passes $1 Trillion as Technology Exports Surge
-
OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions
-
Energy Costs Push OECD Inflation Up to 4.5%
-
Bank of England Raises Interest Rate to 4% as Energy Risks Intensify
-
US Adds 165,000 Jobs as Unemployment Falls to 4.1%
-
China's Factory Inflation Accelerates While Consumer Demand Stays Weak
-
Euro-Area Inflation Reaches 4% as Energy Prices Jump
-
Irish police prepare for further hoax bomb threats after hundreds of schools targeted
Central African Republic adopts bitcoin as legal currency
The Central African Republic has adopted bitcoin as legal tender, the president's office said Wednesday, becoming the second country in the world to do so behind El Salvador.
Lawmakers unanimously adopted a bill that made bitcoin legal tender alongside the CFA franc and legalised the use of cryptocurrencies, and 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.
The landlocked state is one of the planet's poorest and most troubled nations, with an economy that is heavily dependent on mining.
El Salvador became the world's first bitcoin adopter on September 7.
Under it, citizens of the central American country were allowed to use the digital currency -- along with the US dollar which has been the official currency for two decades -- to pay for any good or service, using a cyber wallet app.
The introduction was heavily criticised by the International Monetary Fund (IMF).
It warned of "large risks associated with the use of bitcoin on financial stability, financial integrity, and consumer protection" and with issuing bitcoin-backed bonds.
F.Santana--PC