Central African Republic Adopts Bitcoin as Legal Tender Despite Low Connectivity (ifri.org)

• Bitcoin legalized alongside CFA franc in the Central African Republic.
• 90% of population lacks internet; electricity access is limited.
• Move linked to Russia's sanctions evasion efforts; IMF doubts effectiveness.

"On April 28, 2022, the Central African Republic (CAR) passed a law making Bitcoin legal tender alongside the CFA franc, despite 90% of the population lacking internet access and unreliable electricity. Observers link the move to Russia's need to circumvent Western sanctions, as Russia sent paramilitaries to support President Touadéra in 2020. IMF chief Kristalina Georgieva expressed doubts that digital currencies can effectively bypass sanctions."