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Central African Republic
The Central African Republic made history in April 2022 by becoming the first African country to adopt Bitcoin as legal tender, though the measure was later suspended. With an economy based on diamonds and gold, the country faces serious financial infrastructure challenges.
1K+Users
0.02%Adoption
<$500KP2P Vol.
N/ARank
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🇨🇫Unregulated
Central African Republic
Africa · XAF
UnregulatedLegal Status
1K+Users
0.02%Adoption
Binance P2PTop Exchange
0%Max Tax
0Crypto Spots
Highlight
The Central African Republic made history by adopting Bitcoin as legal tender in 2022, becoming the first African country to do so, though the measure was later suspended.
Regulation Timeline
2022
Bitcoin adopted as legal tender in April.
2022
Measure suspended after BEAC pressure.
2023
No active cryptocurrency regulation.
Regulatory Framework
The Central African Republic adopted Bitcoin as legal tender in April 2022, becoming the second country in the world to do so after El Salvador. However, the measure was suspended months later. There is currently no active regulatory framework. The Bank of Central African States (BEAC) opposes cryptocurrency adoption.
Available Exchanges
B
Binance P2POnly practical option available.
How to Buy Crypto
1
Sign up on Binance and verify your identity.
2
Use Binance P2P to buy USDT with CFA francs (XAF) via regional bank transfer.
Crypto Taxes
No tax regulation
Flat rate0%
Deductible
N/A.
Deadline
N/A
No tax framework for cryptocurrencies.
Tax Estimator
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Enter your gain
Type
No tax regulation
Deadline
N/A
Comparison: Africa
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇨🇫 Central African RepublicYou | 1K+ | 0.02% | <$500K | Unregulated | Binance P2P |
| 🇳🇬 Nigeria | 22M+ | ~10% | $8B+ anual | Restricted | Quidax |
| 🇿🇦 South Africa | 6M+ | ~10% | $2B+ anual | Regulated | Luno |
| 🇰🇪 Kenya | 6M+ | ~10% | $800M+ anual | Unregulated | Binance |
| 🇲🇦 Morocco | 3M+ | ~8% | $500M+ anual | Restricted | Binance |
| 🇪🇬 Egypt | 4M+ | ~4% | $600M+ anual | Unregulated | Binance |
| 🇬🇭 Ghana | 2M+ | ~6% | $300M+ anual | Unregulated | Binance |
| 🇹🇿 Tanzania | 1.5M+ | ~2% | $200M+ anual | Restricted | Binance P2P |
| 🇪🇹 Ethiopia | 1M+ | ~1% | $120M+ anual | Unregulated | Binance P2P |
Crypto Curiosities
✨Fact #1
The Central African Republic was the second country in the world to adopt Bitcoin as legal tender in April 2022, only after El Salvador.
✨Fact #2
The country proposed creating the Sango Coin, a national cryptocurrency backed by natural resources like diamonds and gold, but the project was abandoned.
Related Crypto News
Frequently Asked Questions
Is crypto legal in Central African Republic?
Bitcoin was briefly legal tender in 2022 but the measure was suspended. Currently there is no active regulation.
How to buy crypto in Central African Republic?
Binance P2P is the only accessible option. You can buy USDT or BTC using CFA francs via bank transfer.
Why did Central African Republic adopt Bitcoin?
The government sought to modernize the financial system and facilitate international transactions in a country with very low banking penetration. BEAC pressure led to suspending the measure.
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