Bitcoin Legalization in Central African Republic: Russia's Shadow? (ifri.org)

• CAR adopts Bitcoin as legal tender on April 27, 2022.
• Very low electrification (15%) and internet access (4%) in CAR.
• Experts suspect Russia sanctions evasion as motive.

"The Central African Republic (CAR) adopted Bitcoin as legal tender on April 27, 2022, becoming the second country after El Salvador. Despite extremely low electrification (15%) and internet access (4%), the law was passed unanimously. Experts view the decision as surreal and symbolic, potentially aimed at circumventing international sanctions against Russia, a key ally of CAR. The country's infrastructure is insufficient for Bitcoin usage."