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Central African Republic follows El Salvador in making Bitcoin an official currency

Central African Republic follows El Salvador in making Bitcoin an official currency

Bitcoin What just happened? No longer is El Salvador the only country in the world where Bitcoin is an official currency. Joining the South American nation is the Central African Republic (CAR), which has now approved the cryptocurrency as legal tender. A bill governing the use of Bitcoin was adopted unanimously by parliament last week, writes Reuters. Despite being rich in natural resources such as gold and uranium, CAR is one of the poorest countries in the world and has been embroiled in civil war since 2012. It currently uses the French-backed CFA franc as its currency, as do six […]