Countries Where Bitcoin is Legal Tender
Updated: Apr 27, 2022
This pages tracks every country (2 so far) where Bitcoin was passed as legal tender and has become an official currency.
1. El Salvador 🇸🇻
On June 09, 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender.
As a legal tender, all merchants are required by law to accept Bitcoin as payment for goods and services. However, using Bitcoin is optional because individuals still have the choice to use U.S. Dollars.
President, Nayib Bukele, said "it will bring financial inclusion, investment, tourism, innovation and economic development for our country."
2. Central African Republic 🇨🇫
On April 27, 2022, the Central African Republic introduced Bitcoin as legal tender alongside its other currency, the CFA Franc.
It is the first country in Africa and second country in the world to adopt Bitcoin as an official currency.
CAR is one of the world's poorest countries, but President, Faustin-Archange Touadera, believes Bitcoin will open new opportunities and improve the conditions for its citizens.
The Presidents chief of staff, Obed Namsio said, "This move places the Central African Republic on the map of the world's boldest and most visionary countries."