5 Countries Where Bitcoin is Legal and Illegal

2. Central African Republic

Bitcoin Legal or Illegal: Legal

The Central African Republic is a landlocked country in Central Africa. It is the latest country that has adopted Bitcoin as a legal tender – which means that instead of an asset, the currency is now allowed to be used to make purchases. However, the decision itself is controversial, as few people in one of the least developed countries in Africa have access to the Internet – which is a must for using Bitcoin. Additionally, the country also encourages Bitcoin mining, as it promises no income or corporation tax on mining activities.