Analysis
Bitcoin is Now a Legal Tender of Central African Republic

On April 16, 2022, Central African Republic become the second country to adopt Bitcoin $BTC as legal tender. Crypto adoption has sped up since El Salvador’s adoption of Bitcoin as legal tender in 2021. The majority of countries have developed cryptocurrency tax laws and have made them legal to trade. However, many countries still have restrictions on the use of cryptos by financial institutions and unclear regulations.
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