The Central African Republic has launched the creation of a legal framework that will allow the use of cryptocurrencies like bitcoin to be openly used within the economy,
“There’s a common narrative that sub-Saharan African countries are often one step behind when it comes to adapting to new technology,” Ndoba said. “This time, we can actually say that our country is one step ahead.”
The Central African Republic will likely pursue internet infrastructure development as well [because] the internet penetration of the Central African Republic is reportedly around only 11.4% of the population.
This statistic represents a little over 557,000 internet users and a total population of 4.87 million.
So presumably then this will give reason for the foreign currency exchange bureaus in each of these bordering countries to support bitcoin as a currency they offer to exchange.
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The Central Africa Republic (CAR) is bordered by:
https://ichef.bbci.co.uk/news/976/cpsprodpb/AA46/production/_105309534_africa_cfa_franc_map_640-nc.png
[Larger image]
[Source]
So presumably then this will give reason for the foreign currency exchange bureaus in each of these bordering countries to support bitcoin as a currency they offer to exchange.
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There is another recent post, here on SN, with more information:
Apparently, the Central African Republic news is true. If these documents are real, the country adopted bitcoin as its official currency.
#23279
https://twitter.com/Stromens/status/1519191150699163649
Here's another post, here on SN, with content from the BBC:
🎧 Focus on Africa - CAR adopts Bitcoin as legal tender | BBC Sounds
#23443
https://www.bbc.co.uk/sounds/play/p0c3jtzk
https://www.bbc.com/news/world-africa-61248809
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The Bloomberg article referenced in the Bitcoin Magazine article:
Cryptocurrency Regulator Proposed by Central African Republic
https://www.bloomberg.com/news/articles/2022-04-26/cryptocurrency-regulator-proposed-by-central-african-republic
https://archive.ph/ds4iK <-- An archive, which can be easier to read
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