Category: Central African Republic

Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’

Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’

In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human emotions.” According to Touadéra, the country’s future generations are likely to applaud his government for “choosing the right path during […]

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Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks

Report: IMF Says Central African Republic’s Bitcoin Adoption Poses Risks

The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly […]

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Central African Republic Becomes the First in Continent to Adopt Bitcoin (BTC)

Despite strong volatility and price correction this year in 2022, Bitcoin (BTC) continues to see increasing global adoption. As per the latest reports, the Central African Republic becomes the second country after El Salvador to make Bitcoin (BTC) a legal tender. Binance CEO Changepeng Zhao also tweeted regarding the same. The Central African Republic adopts […]

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