Sovereign · March 23, 2023
Central African Republic repeals Bitcoin's legal-tender status
Price at event
$28,346
Today
$73,405
Since then
×2.6
Less than a year after becoming the second country to adopt Bitcoin as legal tender, the Central African Republic's parliament unanimously repealed the law, bowing to pressure from its regional monetary union partners. It remains the first and only nation to formally reverse a Bitcoin legal-tender experiment, which is the kind of milestone you reach by skipping the planning phase.
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