Bitcoin becomes the official currency in the Central African Republic, but can´t go back above $40,000
Published on: Wednesday 27 April 2022
The Central African Republic (CAR) approved Bitcoin as legal tender, making it the second country to do so after El Salvador's decision last year. The country's lawmakers voted unanimously to make the digital currency official, according to a statement from the CAR presidency. This move puts the Central African region "on the map of the world's boldest and most visionary countries," it stated. The market has reacted with little joy to the news and Bitcoin remains below $40,000, while Ethereum is barely above $2,800.
