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>>Reading this, I wondered whether this would increase demand of BTC [...] Very unlikely, given that CAR's population is less than 5M, and only a small (read:
by otoburb 4y ago
>>Reading this, I wondered whether this would increase demand of BTC [...]
Very unlikely, given that CAR's population is less than 5M, and only a small (read: negligible) portion of the population will even attempt to use bitcoin more than they were already were due to this legislation.
The more interesting question is how the other independent African states that use the CFA franc[1] and the Bank of Central African States[2] will respond over time, especially with regards to the development and adoption of the Eco[3].
[1] https://en.wikipedia.org/wiki/Central_African_CFA_franc https://en.wikipedia.org/wiki/Central_African_CFA_franc
[2] https://en.wikipedia.org/wiki/Bank_of_Central_African_States https://en.wikipedia.org/wiki/Bank_of_Central_African_States
[3] https://en.wikipedia.org/wiki/Eco_(currency) https://en.wikipedia.org/wiki/Eco_(currency)