On April 27, 2022, lawmakers in the Central African Republic unanimously approved legislation that made Bitcoin legal tender. Bitcoin can now be accepted alongside the CFA Franc. The CAR is one of six central African countries (Cameroon, Chad, Republic of Congo, Gabon and Equatorial Guinea ) that share the CFA franc — a regional currency that is backed by France and pegged to the Euro. Opposition leaders are apparently challenging the move and are concerned…
Early in the morning of June 9, 2021, President Nayib Bukele of El Salvador, 39, tweeted that the Salvadoran Congress had approved his proposed law that would make Bitcoin legal tender in El Salvador. The vote was 62 out of 84. El Salvador thus becomes the first country to approve the use of Bitcoin as legal tender. The country currently uses the U.S. Dollar as its currency. Bitcoin will become legal tender in 90 days,…