A Second Country Adopts Bitcoin As Legal Tender

By April 24, 2022Bitcoin Business
Click here to view original web page at www.benzinga.com

[TRADE ALERT] This crypto trade could become the next Bitcoin level investment. See this Trade Now!

A Second Country Adopts Bitcoin As Legal Tender
Bitcoin - United States Dollar CRYPTO:$BTC - A Second Country Adopts Bitcoin As Legal Tender

The Central African Republic has reportedly become the second country to adopt Bitcoin (CRYPTO: BTC) as legal tender.

What Happened: The sub-Saharan nation’s National Assembly unanimously adopted a bill to adopt the apex coin as legal tender, according to a report from Forbes Monaco.

The Minister Of Digital Economy, and Telecommunications, Gourna Zacko, and the Minister Of Finance and Budget, Calixte Nganongo submitted the draft law which establishes a framework for cryptocurrency regulation and for placing Bitcoin as an official currency in the Central African Republic, according to the report.

Why It Matters: In June 2021, El Salvador became the world’s first country to adopt Bitcoin as legal tender.

FREE EXCLUSIVE MASTERCLASS: How to Trade Options on a Budget for Quick and HUGE Wins Click Here Now to Register! (Limited Seating Event)

Samson Mow, former chief strategy officer of Blockstream, noted the Central African Republic’s Bitcoin adoption on Twitter and said it was “another domino.”

The Central African Republic adopts #Bitcoin as an official currency. Another domino. pic.twitter.com/ExEvIPfAym

— Samson Mow (@Excellion) April 24, 2022

Cryptocurrency trader Michaël van de Poppe noted that governmental Bitcoin adoption is “growing” after the African nation adopted Bitcoin.


Governmental adoption is growing even more, as #Bitcoin will become a legal tender in The Central African Republic.

Adoption is growing even more.

— Michaël van de Poppe (@CryptoMichNL) April 24, 2022

Last month, Malaysia’s Deputy Minister of Communications and Multimedia Zahidi Zainul said the country should consider recognizing Bitcoin and other cryptocurrencies as legal tender.

Price Action: Bitcoin traded 0.85% lower over 24 hours at $38,106.65 at press time, according to data from Benzinga pro.

Read Next: Vietnam Takes Deep Dive In Crypto To Develop Legal Bitcoin Framework: Is It The Next El Salvador?

If you are not using this trading strategy, you are leaving money on the table...

If you are blindly looking up and trading stocks the way 99% of traders are, you are missing on HUGE potential returns. Even new traders who started following this options trading strategy instantly began seeing returns they wouldn't have had otherwise. With even two trades per month with this strategy, you will start seeing the difference in your trading account. Don't waste any more time "guessing" and "getting lucky". Click Here to See if you Qualify for Benzinga Options!

If you are a new trader then you need to read this...

Most new traders struggle at first to make sense of the markets and how to put their portfolio in a position to flourish. Many try to start on their own and quickly end up with a string of losses, slowly seeing their accounts dwindle to what it started off as... Don't let this happen to you. By joining a vetted educational platform built for new traders, you will be taken step by step by a former hedge fund trader who managed billions of dollars. This is exactly what Benzinga Trading School is doing by helping traders overcome the initial challenges and to help them thrive and earn consistent profit in any market condition. For today only, you can try Benzinga Trading School yourself for 7 days risk free.

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

All Today's Crypto News In One Place