It also subsequently rejected his agreements to build a Bitcoin City, saying the US government should reject them. To this day, the President of El Salvador continues to fight the US government to legalize bitcoin and put it into circulation.
Meanwhile, the Central African Republic declared Bitcoin its legal tender at the end of last April. It is followed by research into the recovery of the country’s economy with bitcoin.
The International Monetary Fund (IMF) has warned that Bitcoin will never be a tool for economic growth, and that the African Republic should abandon this policy immediately, as the country’s financial situation could worsen as Bitcoin becomes more market risky.
The Central African Republic did not respond to the IMF’s warning.