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Another Country Adopted Bitcoin as a Legal Tender.
Central African Republic adopts bitcoin as legal currency
This is the official document:
Translation for your convenience:
Central African Republic adopts bitcoin as legal currency
Quote
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.
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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.
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.
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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.
This is the official document:
Translation for your convenience:
Quote
PRESIDENCE OF THE REPUBLIC
DIRECTION OF CABINET NP:009/PR/DIRCAB/22.
CENTRAFRICAN REPUBLIC
DIGNITY-UNITY-WORK
PRESS RELEASE
The President of the Republic, Head of State, Professor Faustin Archange TOUADERA took note with satisfaction and enthusiasm of the unanimous decision of the National Assembly relating to the bill which establishes the legal framework which governs crypto-currencies and establishes Bitcoin as the official currency in the Central African Republic. The adoption of Bitcoin as an official currency represents a decisive step in opening up new opportunities for our country.
Through this historic decision, the economic recovery and peacebuilding plan is entering a new phase and the Executive is demonstrating consistency in the application of the agenda which provides for the achievement of strong and inclusive growth for the benefits of development and economic performance, which ultimately will generate prosperity for our fellow citizens.
The President of the Republic, Head of State will support all the necessary efforts, in compliance with the law, in order to complete this process which places the Central African Republic on the map of the most courageous and visionary countries in the world, to everything that means and implies the acceptance of cryptocurrencies as means of payment. The Central African Republic is not only the first country in Africa to adopt Bitcoin as a benchmark currency but also the first country in the world to unanimously adopt the bill that governs cryptocurrency. We are setting out on a new path that will mark a new stage for our country while being aware of the difficulties that we will have to face to pursue our mission.
In a progressive, forward-looking vision, our Nation must be able to pursue its destiny and join the ranks of those who not only fully understand the importance of Blockchain technology but also hasten to legislate. Our priority is to think about how the lives of our fellow citizens will change and about the means necessary to create a stable and prosperous economy. We must do everything in our power for the common good, bearing in mind the heritage that we have a duty to leave to future generations.
Done in Bangui, April 26, 2022
The Minister of State, Director of the Office of the President
OBED Namsio
DIRECTION OF CABINET NP:009/PR/DIRCAB/22.
CENTRAFRICAN REPUBLIC
DIGNITY-UNITY-WORK
PRESS RELEASE
The President of the Republic, Head of State, Professor Faustin Archange TOUADERA took note with satisfaction and enthusiasm of the unanimous decision of the National Assembly relating to the bill which establishes the legal framework which governs crypto-currencies and establishes Bitcoin as the official currency in the Central African Republic. The adoption of Bitcoin as an official currency represents a decisive step in opening up new opportunities for our country.
Through this historic decision, the economic recovery and peacebuilding plan is entering a new phase and the Executive is demonstrating consistency in the application of the agenda which provides for the achievement of strong and inclusive growth for the benefits of development and economic performance, which ultimately will generate prosperity for our fellow citizens.
The President of the Republic, Head of State will support all the necessary efforts, in compliance with the law, in order to complete this process which places the Central African Republic on the map of the most courageous and visionary countries in the world, to everything that means and implies the acceptance of cryptocurrencies as means of payment. The Central African Republic is not only the first country in Africa to adopt Bitcoin as a benchmark currency but also the first country in the world to unanimously adopt the bill that governs cryptocurrency. We are setting out on a new path that will mark a new stage for our country while being aware of the difficulties that we will have to face to pursue our mission.
In a progressive, forward-looking vision, our Nation must be able to pursue its destiny and join the ranks of those who not only fully understand the importance of Blockchain technology but also hasten to legislate. Our priority is to think about how the lives of our fellow citizens will change and about the means necessary to create a stable and prosperous economy. We must do everything in our power for the common good, bearing in mind the heritage that we have a duty to leave to future generations.
Done in Bangui, April 26, 2022
The Minister of State, Director of the Office of the President
OBED Namsio