Central African Republic Launches Legal Framework For Economic Use Of Bitcoin

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  • The Central African Republic is developing a legal framework enabling the economic use of cryptocurrencies like bitcoin.
  • The Finance Minister explained they will not be replicating El Salvadoran legislation that made bitcoin legal tender.
  • Infrastructure development will be required to achieve wide-spread economic use of cryptocurrencies.

The Central African Republic has launched the creation of a legal framework that will allow the use of cryptocurrencies like bitcoin to be openly used within the economy, according to a report from Bloomberg.

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