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Faustin Archange Touadera, President of CAR passed the bitcoin adoption bill into law today
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[QUOTE="Flow-er, post: 242233, member: 71012"] This is a very wonderful news on cryptocurrency and it is much expected because the country has been on this for a very long time and it has come to reality in the last. This is the major reason why one need to be very careful of crypto related activities that the government does not have interest on. From now onwards, the cryptocurrency community in the Central African Republic now have a good chance in the country. This is the second country in the world that will use bitcoin as a legal tender. I am of the opinion that it will be more pronounced in this country than a El Salvador because this country does not have a fiat currency of its own rather the currency that it used in the country is regional currency. Bitcoin has taken a a lead again amongst all the cryptocurrencies. This is a major milestone in the cryptocurrency world because it will cause a significant spike in the price of bitcoin as we have seen in the case of El Salvador in the past. When El Salvador adopted bitcoin as a legal tender there was a tremendous increase in the price of bitcoin at that time .so, it will be very advisable to keep bitcoin right now for a long term investment. [/QUOTE]
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Faustin Archange Touadera, President of CAR passed the bitcoin adoption bill into law today
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