Central African Republic Is Worlds Second Country To Accept Bitcoin As Legal Tender

The Central African Republic has now become the worlds second country to accept Bitcoin (BTC) as legal tender, confirming reports that had circulated for a few days.

As per a statement from President Faustin Archange Touadera, the National Assembly recently approved an officially signed measure authored by Gourna Zacko, Minister of Digital Economy, and Calixte Nganongo, Minister of Finance and Budget, after which BTC was legalized.

The Central African Republic has a population of over 4.8 million people, with around 11% having an Internet connection. El Salvador was the first country to accept the flagship crypto as legal tender less than a year ago. Crypto enthusiasts are thus hopeful that other countries will follow suit and eventually legalize Bitcoin within their own borders as well.