Post
Topic
Board Legal
Re: Central African Republic drops Bitcoin as Legal Tender
by
darkangel11
on 26/04/2023, 20:09:13 UTC
Never thought I will be reading such, but I can only imagine that this could be an element of external factors at play!

And seeing the troubles the country is currently facing, I think CAR has been given these conditions of reverting their decision before the pay masters gift them with some kind of grant or something.... If not why would they drop bitcoin from being used as a legal tender asset???
Tbh there is more to this than meets the eye!

They're still accepting it, just not forcing people to do it as they would in case of a legal tender. I feel like poor countries shouldn't push it if they have very little tech savvy people. In places where you're scared of displaying your phone in public so you don't get robbed, you can't expect people to start paying with bitcoin.
That said, Mexico is making a move towards accepting bitcoin as we speak and this isn't the richest, nor the safest country, so it can be done and it's going to be done more often in future.
IMO a great first step is not to make it hard for those who want to accept bitcoin, give people some freedom and it will grow in its own pace.