As to what this means regarding placing bets on the online african casino Playamo.com, it is yet to be announced.
The National Assembly agreed uniformly in favor of the law regulating cryptocurrencies in the Central African Republic, and President Faustin Archange Touadéra signed it into law.
Already active since 2018, Russian paramilitaries have arrived to help Central African forces in their fight against the rebel advance.
Thierry Vircoulon, a Central African specialist at the French Institute of International Relations claimed that the backdrop, with systematic corruption and a Russian partner that’s facing international sanctions, raises suspicions.
According to the presidency, the legislation was passed by acclamation.
The goal of the law is to regulate all cryptocurrency transactions in the Central African Republic, without constraint conducted by natural or legal persons, public or private.
Even when the market slows in 2022, the differences remain significant: -17% in February, +8% in March, and +10% in April.
Instead of depending on a central source of trust, like a bank, agreeing on who owns which coins is achieved cryptographically among these nodes.
Every 10 minutes or so, miners gather these transactions into a group known as a block, which is then forever added to the blockchain.