PYMNTS-MonitorEdge-May-2024

Central African Republic

Central African Republic Adopts Bitcoin as Legal Tender; Most Don’t Notice
Central African Republic Adopts Bitcoin as Legal Tender; Most Don’t Notice
September 16, 2022  |  Cryptocurrency

When the Central African Republic (CAR) adopted Bitcoin as legal tender in April, mayhem initially ensued, sparked by confusion, advanced by disagreements, and then driven...

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Today in Crypto: Meta Expands NFT Sharing Feature to Facebook, Singapore Moves to Protect Retail Crypto Traders From Themselves
Today in Crypto: Meta Expands NFT Sharing Feature to Facebook, Singapore Moves to Protect Retail...
August 29, 2022  |  Cryptocurrency

Today in cryptocurrency, Meta is now enabling people to post non-fungible tokens (NFTs) they own on Facebook and Instagram. Also, the Central African Republic’s top...

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Court Says Central African Republic’s Crypto Sales Are Unconstitutional
Court Says Central African Republic’s Crypto Sales Are Unconstitutional
August 29, 2022  |  Cryptocurrency

The Central African Republic’s top court has ruled that using government-backed cryptocurrency to purchase land, citizenship and “e-residency” goes against the country’s constitution. As Reuters...

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Central African Republic Set to Start Crypto Sales
Central African Republic Set to Start Crypto Sales
July 15, 2022  |  Cryptocurrency

The Central African Republic will start selling its cryptocurrency, Sango Coin, next week, saying it will be worth $21 million. The announcement comes at a...

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Today in Crypto: Nexo Plans to Buy Vauld; UK Explores DeFi Taxation
Today in Crypto: Nexo Plans to Buy Vauld; UK Explores DeFi Taxation
July 05, 2022  |  Cryptocurrency

Nexo, the cryptocurrency lender, said it plans to buy troubled fellow lender Vauld, showing how a consolidated crypto industry might look, Reuters wrote Tuesday (July...

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Despite Downturns, Central African Republic President Champions Crypto
Despite Downturns, Central African Republic President Champions Crypto
July 03, 2022  |  Cryptocurrency

The Central African Republic was the first country in Africa and the second in the world to make bitcoin an official currency, and its president...

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CBDC Weekly: Central African Republic Adopts Bitcoin; Russia, India, Mexico Set CBDC Dates; Philippines Announces Wholesale Pilot
CBDC Weekly: Central African Republic Adopts Bitcoin; Russia, India, Mexico Set CBDC Dates; Philippines Announces...
April 29, 2022  |  CBDC

Technically, the Central African Republic’s (CAR’s) decision to make bitcoin a legal tender alongside the regional CFA Franc isn’t central bank digital currency (CBDC) news....

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Today in Data: Hackers Don’t Scare Crypto Investors
Today in Data: Hackers Don’t Scare Crypto Investors
April 28, 2022  |  Today In Data

Today in data, a rash of recent hacks on cryptocurrency projects has not kept investors from wanting to continue to back them. Data 76M: Amount...

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Central African Republic, Like El Salvador, May Soon Regret Adopting Bitcoin
Central African Republic, Like El Salvador, May Soon Regret Adopting Bitcoin
April 27, 2022  |  Bitcoin

The Central African Republic has become the second country in the world to adopt Bitcoin as an official currency. In making BTC legal tender alongside...

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