Tag: 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 […]

This implies that the El Salvador’s new economy will rely heavily on money sent back from workers abroad. He said that some 70% of people in El Salvador lack access to traditional financial services. According to the proposed regulation, its use as legal tender will go into law in 90 days, with the bitcoin-dollar exchange […]