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. 

  • Countries

Name

Official Currencies

Population

GDP

Date

🇸🇻 El Salvador

BTC, USD

6,486,000

$24.64 Billion

June 09, 2021

🇨🇫 Central African Republic

BTC, CFA Franc

4,830,000

$2.38 Billion

April 27, 2022

Sources

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."

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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."

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FAQ

Which Countries Will Make Bitcoin Legal Tender Next?

Low-income countries with weak currencies have the most to benefit from adopting Bitcoin. There's also many developing countries that are dependent on the US dollar that could be next.

Obviously, we don't know who it will be, but here's a collection of news reports, rumours and total speculation of countries that could adopt Bitcoin next: