Kathmandu, April 28
Bitcoin is accepted as legal tender in the Central African Republic.
According to Reuters, President signed a measure making Bitcoin legal tender on Wednesday.
The bill was unanimously passed by the Central African Republic’s parliament last week.
A representative for the president’s office said, ”The president has supported the measure, stating it will improve the condition for citizens of the Central African Republic.” With a population of approximately 4.8 million people, the Central African Republic contains several gold and diamond mines. However, it is one of the world’s poorest and least developed countries.
According to the President’s Office, the legalization of Bitcoin would provide new opportunities to the country.
El Salvador became the world’s first country to allow cryptocurrencies last year.
