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Central African Republic adopts bitcoin as an official currency

A representation of the cryptocurrency Bitcoin is seen in this illustration taken on August 6, 2021. [Reuters]

The central African Republic has adopted bitcoin as an official currency, the presidency said on Wednesday, becoming the first country in Africa and only the second in the world to do so.

Despite rich reserves of gold and diamonds, the Central African Republic is one of the world's poorest and least-developed countries and has been gripped by rebel violence for years.

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