As reported by Forbes Monaco, Despite strong volatility and price correction this year in 2022, Bitcoin (BTC) continues to see increasing global adoption. With the increase in trade volume of Crypto currencies in Africa, The Central African Republic has become the first country in Africa to adopt Bitcoin as a payment currency.
The Founder and CEO of Binance also tweeted about it.
This means Bitcoin shall now be accepted as a means of payment thereby making the Central African Republic the first country in Africa to make such a move and also making them the second country in the world after North America country El Salvador .
Calixte Nganongo, the minister of finance and budget, and Gourna Zacko, the minister of digital economy, post services and telecommunications, jointly submitted the draft law which recognizes Bitcoin as a legal currency as well presents the legal framework for crypto regulation.According to the report by Forbes Monaco. As reported by Forbes Monaco, the National Assembly unanimously adopted the bill thereby putting Bitcoin (BTC) at the center of its economic recovery.