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After El Salvador, Central African Republic goes for bitcoin

Voltaire Network | 4 May 2022

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On 27 April 2022, the Central African Republic adopted Bitcoin as legal tender alongside the CFA Franc (Franc of the Financial Community of Africa). Bitcoin trading will not be taxed.

In September 2021, El Salvador was the first country in the world to adopt bitcoin as legal tender, incurring the wrath of the International Monetary Fund.

The islands of Madeira (Portugal) and Roatán (Honduras) have also adopted bitcoin as their official tax-exempt currency.

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Source: “After El Salvador, Central African Republic goes for bitcoin”, Voltaire Network, 4 May 2022, www.voltairenet.org/article216735.html

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