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Ndassima gold mine in CAR
The Central African Republic (CAR) has approved Bitcoin as legal tender – just the second country to do so.
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

  1. Computer scientist Sydney Tickaya said he thought the adoption of the cryptocurrency was “premature” and “irresponsible”. Why might this be the case?
  2. Why are some countries moving towards using bitcoin?

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