Tech

Bitcoin becomes official currency in Central African Republic

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Posted: 28/04/22 - 09:18
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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.

I Call True: Making it all that much easier to plunder their national resources and then disappear into the ether

Milka
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3 Comments
29 days
2 upvotes
It certainly makes it easier to follow the money, as anyone can do it via a simple search on the blockchain.
29 days
2 upvotes
Exactly as Bison said. The citizens will just get poorer and poorer because of this.
29 days
2 upvotes
You can bet this is only going to make the corrupt politicians at the top wealthier