CAR to drop crypto as legal tender
Country bows to pressure from partners in regional monetary union
The Central African Republic’s parliament has repealed legislation that gave bitcoin and other cryptocurrencies legal tender status. A new law amends an April 2022 statute that proved controversial among the CAR’s partners in the Economic and Monetary Community of Central Africa.
The CAR legislature adopted the amended law unanimously on March 23.
The original 2022 law stated sellers were “required to accept cryptocurrencies as a form of payment”. The new law says: “All economic agents are
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