Allegedly, the Central African Republic has become the second country in the world and the first in Africa to accept Bitcoin as a legitimate currency.

According to the news reported by Forbes Monaco, the country's national assembly unanimously passed the law, which it hopes will mediate economic recovery and peacebuilding in the country.

Gourna Zacko, minister of digital economy, postal services and telecommunications, and Calixte Nganongo, minister of finance and budget, launched and presented both the legal framework for cryptocurrency regulation and the draft law establishing Bitcoin as an official currency in the Central African Republic.


The fact that Bitcoin has become the legitimate currency in the country means that the legal infrastructure to pay with this cryptocurrency has passed through parliament.

“Country Opposition Also Supported the Voting of the Law”

According to the statement made by the authorities with the draft law, the digital infrastructure of the Central African Republic will completely change with the adoption of Blockchain technology. The parliamentary groups Mouvement Cœurs Unis (MCU) and Mouvement National des Indépendants (MOUNI), which were initially critical of the project, allegedly later voted in favor of the law.

As it is known, the Central American country El Salvador made history by taking the title of the first country in the world to accept Bitcoin as its official currency. However, it was noted that the official currency of the country is shown as BTC on the English Wikipedia page of the Central African Republic. CZ, CEO of Binance, one of the largest exchanges in the world, tweeted that "The Central African Republic has adopted Bitcoin."

Bitcoin (BTC) is priced at $39.580.20 at the time of writing, and BTC's 24-hour trading volume is $17.003,835.792, according to data from CoinGecko. Bitcoin (BTC) price is down -0.9% in the last 24 hours.