Central African Republic
✓Bitcoin Countries
The Central African Republic (CAR) became the second country in the world to adopt Bitcoin as legal tender in April 2022. The government also launched the Sango crypto initiative — an ambitious project to build Bitcoin-backed investment citizenship and a dedicated crypto hub. However, the initiative faced significant challenges including limited internet infrastructure and the Constitutional Court later ruling the Bitcoin legal tender law unconstitutional. CAR's Bitcoin adoption remains more symbolic than practical given its economic constraints.
Details
- Since
- 2022
- Status
- legal_tender
- Mining Legal
- Yes
- Notable Policy
- Adopted Bitcoin as legal tender alongside El Salvador in 2021; rescinded in 2023 after political turmoil; Bitcoin activity continues informally
- Btc Etf Approved
- No
- Regulatory Stance
- neutral
- Bitcoin Legal Status
- Legal; officially rescinded Bitcoin legal tender status in 2023 due to political instability
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More Bitcoin Countries
El Salvador
El Salvador made history on June 9, 2021, as the first country to adopt Bitcoin as legal tender under President Nayib Bukele. The government continues to buy approximately 1 BTC per day, with its national treasury holding approximately 7,565 BTC as of February 2026. El Salvador built the state-sponsored Chivo wallet, launched volcanic geothermal Bitcoin mining operations, and proposed Bitcoin City — a special economic zone powered by a volcano. In 2025, El Salvador reached an IMF agreement that modified Bitcoin's legal tender status while maintaining its Bitcoin treasury strategy.
Switzerland
Switzerland is one of the most Bitcoin-friendly countries in the world, with the canton of Zug (dubbed "Crypto Valley") accepting Bitcoin for government services since 2016. Several Swiss cantons accept Bitcoin for tax payments, the country has clear digital asset property rights, and Switzerland is home to dozens of major Bitcoin and blockchain companies. Swiss banks like SEBA and Sygnum Bank offer institutional Bitcoin services, and the Swiss National Bank has explored digital asset frameworks.
United Arab Emirates
The United Arab Emirates has positioned itself as a global hub for Bitcoin and crypto businesses, with dedicated regulatory regimes in Dubai (Virtual Assets Regulatory Authority — VARA) and Abu Dhabi (ADGM). Abu Dhabi holds Bitcoin through the Phoenix Group, a publicly listed Bitcoin mining company. Major crypto exchanges including Binance have received licenses to operate in the UAE. The country's zero income tax, strategic location, and regulatory clarity have attracted significant Bitcoin institutional and mining infrastructure.
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