Quote from: jbgsmininggmbh on April 18, 2023, 03:18:17 PM

Hello guys I wrote this article. Read it here for better formatting:
https://www.jbgsmining.com/en/post/central-african-republic-drops-bitcoin-as-legal-tender

I think this is a blog post. I have tried to search for other richer sources to confirm but not seen fresh update on that repeal of first law on adopting bitcoin as legal tender.

Quote from: darkangel11 on April 26, 2023, 08:09:13 PM

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.

Ethiopia is also making the move to go in with bitcoin but the unfortunate thing is countries that are not yet prepared are those initiating such move. Like the case of CAR with less than 10% of her population having access to internet facility was a project waiting to crash.

Thinking deeply, I think there are few reasons for the rush to throw in all in the bid to make bitcoin a legal tender and that is countries trying to think bitcoin will improve their sorry economic status and overnight land them into economic riches whilst they are still deep in corruption. CAR is one of the poorest countries in Africa with illiteracy rate and no prior inclination towards bitcoin by its youths and citizens.

Another reason for the rush for making bitcoin a legal tender is to have an financial escape route like we have seen in some was zone countries who are trying to escape some financial sanctions like Russia.