The Cemac Banking Commission (Cobac), has not accepted the adoption by the Central African authorities of the Bitcoin cryptocurrency as one of the country’s official currencies. Following an extraordinary meeting on May 6, the Cobac banned the use of cryptocurrencies in banking and financial institutions in the countries of the …
Read More »Central African Republic adopts Bitcoin as official currency
Authorities in the Central African Republic adopted the Bitcoin cryptocurrency as an official currency on Wednesday, Reuters reported, citing the presidency. The country then becomes the first in Africa and only the second in the world to do so. Despite rich reserves of gold and diamonds, Central African Republic is …
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