X

William from San Jose

Registered at the crypto broker MEXC Global 30 minutes ago.

» Try MEXC Global too
Do not show again

The Central African Republic (CAR) has recently approved Bitcoin as a legal tender, becoming the first African country and second country to make this move. The President’s office announced the news on the 2nd of May. This announcement comes after a bill to make Bitcoin a legal tender in the country was unanimously adopted.

The Statement
Obed Namsio, the chief of staff in the President’s office, announced the new move. His statement states that President Faustin-Archange Touadéra signed the measure into law, placing CAR on the list of the world’s boldest and most idealistic countries.

After the announcement, the leading opposition figure Martin Ziguele the former prime minister in the country, opposed the move, stating that making Bitcoin a legal tender would undermine the use of the CFA franc. Martin added that the bill was approved by proclamation, which disturbed several legislators, prompting them to plan to file a lawsuit at the constitutional court. He also raised concerns asking who the main beneficiary of this move is.

Concern for CFA Franc
CFA Franc is a regional currency used by six countries belonging to the central African region. These countries include the Republic of Congo, Chad, Gabon, Equatorial Guinea, and Cameroon. The currency is backed by France, the former colonizer, and pegged to the euro. The currency is governed by the Bank of Central African States (BEAC). However, the BEAC is forced to maintain at least 50% of foreign assets with the French Treasury. This arrangement was angered by numerous world economists who stated that it was holding back economic development in the country.

Thierry Vircoulon, a central Africa expert at the French Institute of International Relations, wondered if there was a link between bitcoin acceptance and the Central African Republic’s close ties with Russia. In his statement, Thierry said that given systematic corruption in the country and a Russian partner plagued with international sanctions, the new move by CAR fosters mistrust. He said that this might be a way for Russia to circumvent and minimize the effects of international sanctions.

QR code to visit Poloniex
Info symbol Get Poloniex

Rating: 8.78/10
Number of instruments: 142+ instruments

Description: Try a crypto exchange with an amazing amount of assets. Simple to use. Try Poloniex today!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.!


IMF Caution
El Salvador got to be the world’s beginning with the nation to receive the spearheading virtual cash on September 7 as written in crypto lists.

Universal Financial Finance intensely scrutinized the presentation (IMF). It cautioned of potentially major financial issues, including dangers related to the utilization of Bitcoin on monetary steadiness, monetary judgment, and customer protection. The IMF also touched on the danger of providing bonds backed with Bitcoins. Many financial controllers share those concerns, and other pundits say that crypto’s mysterious exchanges are an idealized instrument for traffickers and cash laundering.

India successfully banned crypto exchanges in 2018, as it was for the country’s best court to strike down the boycott two a long time later. The country also plans to create digital rupees.

China’s central bank September also pronounced that all monetary exchanges, including cryptocurrencies, are illegal. Huge swings in bitcoin’s cost make it hazardous as a store of esteem, and long exchange handling times make it illogical for little purchases.

What’s the Future for Cryptocurrencies in Many Countries?
Despite reservations, there’s an affirmation of the convenience of computerized monetary forms as an adaptable money-related apparatus. Major central banks in different countries, including the USA and India, are looking at the plausibility of setting up virtual money in a directed environment.

The Central African Republic has experienced only a few minutes of peace since it picked up autonomy from France in 1960 and positions 188 out of 189 nations within the Joined together Nations’ Human Advancement File, a benchmark of prosperity.

Rating: 9.5/10
Supply: 18,925,000 / 21,000,000
Release date: January 3, 2009

Description: What do you know about the Bitcoin? See the latest price, learn facts and discover Bitcoin news!

Risk warning: Trading, buying or selling crypto currencies is extremely risky and not for everyone. Do not risk money that you could not afford to loose.


by Our Certified Author
Bitcoin Newsflash
    Two no-KYC casinos with bountiful BTC bonuses!Two no-KYC casinos with bountiful BTC bonuses!
    Thursday, 18 Jul 2024 6:53 am
    Say hello to two awesome no-KYC casinos (see toplist) that don't just come to the table without needing personal info or scans of documentation. In fact, they come to the table with some big welcome bonuses to help get you started in the best way possible. First up is the legendary (in such a short time) Bet Panda IO (see full review) with it's zero KYC on sign up, zero KYC on withdrawl, zero KYC all of the time. And, on top of that a 1 BTC welcome bonus alongside a 6-tier VIP program branded The Path of The Panda. Sign up to Bet Panda! Second up but by no means in second place is GOAT Casino (review) with it's mascot in a yellow lambo that brings all the girls (weird kinda bloke to be into, but whatever) to the yard. Not only is it also no KYC, but there's also a 1 Bitcoin bonus too. So similar, so how do you choose between signing up to the perfect panda or trying the Goat? Simple - simply give both a whirl and see which you like the look, feel, and library of. Simples!...
    Read the full newsflash


    Four stage 100 mBTC bonus on Power Up casinoFour stage 100 mBTC bonus on Power Up casino
    Wednesday, 17 Jul 2024 10:50 am
    Wednesdays mean another casino for you to sink your teeth into. Today's turn is Power Up (review), a really cool hybrid site that's got a big mBTC bonus waiting for you over 4 deposits. 100 mBTC to be exact! And it's also got over 100 developers to populate the site with amazing games (including a dedicated section for instant win ones - our favorite alongside crash titles). Like what you hear? Visit the site and check out the super-cool futuristic arcade look and feel of it...
    Read the full newsflash


    Mt. Gox Moves 142 000 Bitcoin: Will the sell off continue?Mt. Gox Moves 142 000 Bitcoin: Will the sell off continue?
    Tuesday, 28 May 2024 11:21 am
    Speculators have been worried about the latest move from Mt. Gox. They transferred around $10 billion in Bitcoin, along with 67 million in Bitcoin cash - which is expected to go to creditors. This might in worst case result in a sell off the coming days, weeks or even hours. If you rather have some fun on one of the newest Bitcoin casinos than sitting and waiting for how the Mt Gox story will unfold, we recommend that you visit Goat Casino's website. It's the hottest BTC casino in May 2024 and their VIP club and huge range of games are attracting many players from around the world. Yes, it's a VPN friendly casino that accept players from almost any country...
    Read the full newsflash


    Hong Kong Approves First Spot Bitcoin ETFHong Kong Approves First Spot Bitcoin ETF
    Monday, 15 Apr 2024 11:31 am
    The original intention for Bitcoin is starting to be diluted with all the Bitcoin spot ETF's that's getting approved. Now, the Hong Kong Securities and Futures Commission (SFC) have made conditional BTC spot approvals according to Reuters - the first in Asia. Crypto Lists expect that all the current and upcoming Bitcoin ETF's are will give bigger sudden movements for BTC in the medium term, both in terms of a potential bull market followed by a...
    Read the full newsflash


    A volatile weekend for BTC before halvingA volatile weekend for BTC before halving
    Monday, 15 Apr 2024 8:36 am
    It's been a more volatile weekend than usual for Bitcoin (BTC), for many reasons. First of all, the U.S tax year ends today which might explain some of the recent sell offs. Secondly, Iran did retaliate the deadly Israeli attack on diplomats in Syria this weekend and Bitcoin dropped a bit extra after that news. However, today the Iranian mission to the United Nations said the issue "can be deemed concluded", so a wider conflict is not very likely anymore. Finally, in about 4.5-5 days, the actual Bitcoin halving is set to take place. It's estimated to be between the evening of 19th of April 2024 or in the beginning of the 20th of April. Historically, Bitcoin have been taking off a few weeks or months after the halving so let's see if the history repeat itself...
    Read the full newsflash

New Casino Reviews
New Crypto Casinos
Best Crypto Casinos
Recent Crypto Sites
Recent Crypto Coins
Keep up to date with
 

Our Newsletter

Sign up to our newsletter to get the
latest crypto news, new casinos,
bonus offers and other exciting
exclusives.
* indicates required
CryptoLists.com
Copyright © 2019-2022, by Crypto Lists Ltd (CryptoLists.com). Company name: Crypto Lists Limited. Address: 5 Upper Montagu Street, LONDON W1H 2AG, England.
Jump to top