The Central African Republic became the second country in the world to approve Bitcoin as legal tender. The Central African Republic is one of the poorest countries in the world, but is rich in diamonds, gold and uranium. It is a close ally of Russia and has been plagued by conflict for decades. A statement from the Central African Presidency said lawmakers unanimously approved bitcoin as legal tender, a move that puts the country “among the most daring and visionary in the world.” Last September, El Salvador became the first country to accept bitcoin as legal tender. But the move was criticized by many in the economic circles, saying it increased the risk of financial instability.
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