Central African Republic adopts Bitcoin as legal currency – DW (English)

1
Take a look at the beta version of dw.com. We’re not done yet! Your opinion can help us make it better.
We use cookies to improve our service for you. You can find more information in our data protection declaration.
In the Central African Republic, lawmakers have unanimously approved a law legalizing the cryptocurrency alongside the CFA franc. But many Central Africans don’t understand what the Bitcoin buzz is all about. DW’s Zigoto Tchaya reports from Bangui.

Central African Republic and El Salvador have made Bitcoin legal tender and Panama has approved a bill to regulate crypto assets. Experts warn that nations that adopt crypto currencies risk instability.
Crawley Town have become the first professional football club to be bought by a cryptocurrency firm. The new owners promise to “shake up the status quo” and recruit global fans with NFTs. Is this new dawn what it seems?
A Costa Rican hydropower plant has transformed into a green crypto-mining operation. But can energy-hungry cryptocurrencies such as bitcoin ever be compatible with climate targets?
Since a wave of financial sanctions hit Russia over its Ukraine invasion, questions have been raised over whether cryptocurrencies could provide an escape route. But leading exchanges said they will comply with the law.
© 2022 Deutsche Welle | Privacy Policy | Accessibility Statement | Legal notice | Contact | Mobile version

source
2

Leave a Reply

Your email address will not be published. Required fields are marked *