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The Central African Republic is the second in the world to legalize Bitcoin

The Central African Republic is the second in the world to legalize Bitcoin

The Central African Republic became the first country in Africa and the second in the world to recognize bitcoin on a nationwide scale. El Salvador was the first country to do so. 

According to Forbes, local regulators believe that cryptocurrency legalization will help accelerate the recovery of the jurisdiction's economy, allowing the country to take an avant-garde development course.

African regulators plan to completely transform the country's digital infrastructure, in part by integrating the potential of blockchain technology. However, experts note that first, they need to solve more urgent problems, improve access to the Internet for their population, and work on educating people about the crypto industry.

It is worth noting that the greatest number of countries whose authorities are still hesitant to make up their minds about the new financial tool is in Africa.

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