Tag: IMF

Crypto adoption: the political economy of Central Africa Republic’s bold Bitcoin ‘decision’

The Central Africa Republic is the first African nation and the world’s second after El Salvador (who took a similar move on September 7, 2021) to recognize bitcoin as legal tender.

IMF to assist El Salvador in bitcoin currency implementation despite past stance

President Nayib Bukele has bought over 2,301 Bitcoin. The total purchases cost about US$104 million that he has taken for it from public funds ...