The Ministry of Finance and Budget and the Ministry of Digital Economy, Postal Services, and Telecommunications have submitted a joint document that recognises Bitcoin as an acceptable currency in the Central African Republic.
The National Assembly believes that the new Bitcoin law will help the Central African Republic’s economic recovery.
The new crypto law has also made provisions for offenders who break the laws.
According to the pro-Bitcoin president, sales of Bitcoin bonds with a 6.5 percent coupon rate within the first five years will fund the development of Bitcoin City.
As the adoption of Bitcoin continues to grow, a special economic zone of Prospera has also recognised BTC as an acceptable currency.
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