IMF: Central African Republic's decision to adopt Bitcoin as legal tender raises 'major legal, transparency, and economic challenges'

05/06 14:43

"The adoption of Bitcoin as legal tender in C.A.R. [Central African Republic] raises major legal, transparency, and economic policy challenges," Bloomberg quoted the IMF as saying in an email response to a question. "IMF staff are assisting the regional and Central African Republic's authorities in addressing the concerns posed by the new law." "The president supports this bill because it will improve the conditions of Central African citizens," Reuters quoted Namsio as saying last week.

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