IMF warns Central African Republic over bitcoin adoption – Technext

According to Bloomberg: “The adoption of bitcoin as legal tender in the Central African Republic raises major legal, transparency, and economic policy challenges.

A 2021 report by the African Development Bank Group says: “COVID–19 had a limited health effect on the Central African Republic. But its economy suffered from the pandemic—both from weak global demand for agricultural raw materials and mining resources and the slowdown in economic activities and household demand from measures taken to contain the spread of the disease.

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