CAR is one of the world’s poorest countries, but is rich in diamonds, gold and uranium.
It has been wracked by conflict for decades and is a close Russian ally, with mercenaries from the Wagner Group helping fight rebel forces.
Lawmakers voted unanimously to adopt Bitcoin as legal tender, said a statement from the CAR presidency.
The move puts CAR “on the map of the world’s boldest and most visionary countries”, it said.
Source: BBC News
Date: April 29th, 2022
Link: https://www.bbc.com/news/world-africa-61248809
Discussion
- Computer scientist Sydney Tickaya said he thought the adoption of the cryptocurrency was “premature” and “irresponsible”. Why might this be the case?
- Why are some countries moving towards using bitcoin?
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