Well a lot of countries are still trying to adjust to crypto as it's vastness has done alot to the financial status of so many people , but because of its in stability a lot of countries have decided not to allow it as a legal tender. But the President of the Central Africa Republic decided to list bitcoin as a legal tender , he believes it will boost the economy of his country as it is a way of elevating recession in his country.
This means that people can buy and sell and pay with BTC , a dream come true For whales in the crypto space. But while others are enjoying the freedom of it legality a lot of countries are still trying to come to terms with the fact that it cannot be allowed in there country. But then some countries still accept the activities as legal but don't recognize it as a legal payment method, for goods and services unless the business bodies involved decides to allow. Meanwhile some countries still claim that there are old legal rules that cannot be overlooked hence the interjection for recognising this payment method. But then while people from a globalization are struggling to have BTC as a way to survive financial stress . A lot of people are not even aware of the rise of this new transition. Well kudos to the President and Citizens of Central Africa Republic as they figure out the best way to utilize this opportunity and great choice made by the president of there country.
Thanks for reading please do well to leave a comment and also state the next country you think would list bitcoin as a legal tender in there country and why you think so .
Please also leave comments on new ways one can make money on the Crypto space.
Either through NFt , a shit coin or Ai coin you think will do well etc .
I'm still a newbie on the crypto space 🥲🥲🥲😭😭😭😭😭.
I really would appreciate your contribution thank you 🥰🥰🥰
