Breaking News
Central African Republic votes to adopt Bitcoin as an official currency
The Central African Republic has adopted Bitcoin as a legal currency, becoming only the second country to do so after El Salvador.
Lawmakers from the central African country unanimously adopted a bill to make Bitcoin legal tender alongside its CFA franc and legalised the use of cryptocurrencies.
President Faustin Archange Touadera signed the measure into law, his chief of staff Obed Namsio said in a statement.
The CAR “is the first country in Africa to adopt Bitcoin as legal tender,” Namsio said. “This move places the Central African Republic on the map of the world’s boldest and most visionary countries,” he added.
The new legislation covers the use of cryptocurrencies and those who use them, in online trade, “smart contracts… by blockchain technology” and “all electronic transactions”.
It also said cryptocurrency exchanges are not liable to tax.
However, due to the high volatility of the digital currency, some are wary of the move.
Martin Ziguele, a former CAR prime minister who is now an opposition MP, complained the bill was approved “by proclamation” while some legislators intend to file suit against it at the Constitutional Court.
“This law is a way of getting out of the CFA franc through a means that guts the common currency,” said Ziguele.
“It [the law] isn’t a priority for the country,” he said. “This move raises the question: who benefits from it?”
Regulators around the world share the same concerns. Some also say that transfers using crypto are a perfect tool for traffickers and money laundering as they can be anonymised.
Second country to adopt Bitcoin as legal currency
While countries such as India have in the past banned crypto transaactions, El Salvador became the first country to adopt Bitcoin as legal tender last September.
But the move by El Salvador was heavily criticised by the International Monetary Fund (IMF).
- E-commerce Berlin Expo 2026 Jubilee Edition Reveals the AI future of Digital Commerce Read more
- Why Trust Is the New Payments Differentiator | Payment Spayce | Sagicor Bank | The Paytech Show #85 Read more
- E-commerce Germany Awards 2026 Reveals Industry Leaders and Best Innovators Read more
- Pleo: Solving SMBs’ “Frankenstein” Finance Problem Read more
- Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities Read more
E-commerce Berlin Expo 2026 Jubilee Edition Reveals the AI future of Digital Commerce
The 10th edition of E-commerce Berlin Expo wrapped up on February 18th, 2026. It hosted over 14,000 participants from the DACH region and beyond, including 300 service providers, as well as over 150 speakers.
E-commerce Germany Awards 2026 Reveals Industry Leaders and Best Innovators
The E-commerce Germany Awards 2026, organized by the E-commerce Berlin Expo, recognized the best e-commerce solutions in the DACH region during an award ceremony held on February 17, 2026
Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities
Bajaj Life Insurance, one of India’s leading private life insurers, today announced the launch of its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116, Risk profile: Very High, Benchmark: Nifty Large Midcap 250). The fund is designed to provide investors with a strategic edge by combining the steady compounding potential of large-cap stocks with the higher growth potential of mid-cap companies. Available under Bajaj Life’s unit-linked insurance plans, the fund enables policyholders to pursue their long-term financial goals while benefiting from the dual advantage of life cover and professionally managed equity exposure.
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson
Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal.
J. Safra Sarasin Group Completes the Acquisition of Majority Stake in Saxo Bank
Safra Sarasin Group, a global leader in private banking and wealth management, has completed its acquisition of the majority stake in Saxo Bank, a prominent international FinTech bank serving investors, traders, and institutional partners. This transaction marks a significant milestone for both companies, enabling enhanced global potential and strategic growth.
CeFPro Advisory Board Appoints Escode GRC Solutions Lead Wayne Scott as Third-party Scrutiny Intensifies
CeFPro has appointed Escode’s Wayne Scott to its Advisory Board, as regulators step up scrutiny of operational resilience and third party risk across financial services.
E-commerce Berlin Expo 2026 Jubilee Edition Reveals the AI future of Digital Commerce
The 10th edition of E-commerce Berlin Expo wrapped up on February 18th, 2026. It hosted over 14,000 participants from the DACH region and beyond, including 300 service providers, as well as over 150 speakers.
Why Trust Is the New Payments Differentiator | Payment Spayce | Sagicor Bank | The Paytech Show #85
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
E-commerce Germany Awards 2026 Reveals Industry Leaders and Best Innovators
The E-commerce Germany Awards 2026, organized by the E-commerce Berlin Expo, recognized the best e-commerce solutions in the DACH region during an award ceremony held on February 17, 2026
Pleo: Solving SMBs’ “Frankenstein” Finance Problem
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Bajaj Life Insurance Launches ‘Bajaj Life Opportunities Fund’, Capturing the Growth Opportunities
Bajaj Life Insurance, one of India’s leading private life insurers, today announced the launch of its New Fund Offer (NFO), the Bajaj Life Opportunities Fund (SFIN: ULIF011406/02/26BLOPNLC250116, Risk profile: Very High, Benchmark: Nifty Large Midcap 250). The fund is designed to provide investors with a strategic edge by combining the steady compounding potential of large-cap stocks with the higher growth potential of mid-cap companies. Available under Bajaj Life’s unit-linked insurance plans, the fund enables policyholders to pursue their long-term financial goals while benefiting from the dual advantage of life cover and professionally managed equity exposure.
Incore Invest Completes the Acquisition of CoreOrchestration and Establishes PaymentIQ as a Standalone Company
Private equity firm Incore Invest has completed the acquisition of CoreOrchestration AB from Worldline. Upon closing, the previously announced carve-out has now been finalised and PaymentIQ has been established as an independent standalone company under Incore Invest’s ownership. The purchase price amounts to approximately SEK 1.75 billion.
Sverica Capital Management Announces the Promotions of Michael Dougherty to Partner, Doug Patrican to Principal and Welcomes Matt Johnson
Sverica Capital Management, a leading growth-oriented private equity firm focused on the lower middle market, announced today the promotions of Michael Dougherty to Partner, Doug Patrican to Principal, and the hiring of Matt Johnson as a Principal.