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OTCbid - Central African Republic Has Adopted Bitcoin as Legal Tender - Reports

























" The Central African Republic (CAR) has seemingly confirmed reports that it has adopted bitcoin (BTC) as legal tender – becoming only the second country in the world and the first African nation to do so.

Per reports from the French media outlets AFP and RFI, as well as Le Figaro, the CAR’s presidential offices confirmed the news on Wednesday, April 27 after confusing reports on the matter emerged earlier this week.

The presidency confirmed that the nation’s National Assembly voted “unanimously” in favor of a measure that will give BTC equal footing status with the fiat franc.

The law has been promulgated by President Faustin Archange Touadéra, with the Minister of State and Director of the Presidency’s offices Obed Namsio quoted as adding that the CAR had become “the first country in Africa to adopt bitcoin as a reserve currency.”

" - Read Full Article

Source: Cryptonews


-5% Gross, -2% Net, B2B, Signet, Signature Bank, New York

Buyer Mandate Only


NEW:  10K-50K BTC @ -5% Gross, -2% Net, B2B, Signet, Signature Bank, New York - Look For Buyer


Post: 28.4.22


  • Seller is selling 10K-50KK BTC @ -5% gross, -2% net


  • Buyer = 2%

  • Buyerside = 1%

  • Sellerside = 1% (closed)​

  • Intermediaries = 1% (closed)

  • First tranche = 250 BTC

  • Second tranche = 500 BTC

  • Subsequent tranches = 1000 BTC

  • PROCEDURE:​​  

  • Payment shall be made Signature bank Signet procedure 

  • The Signet transaction mechanism uses a stable coin called a Signet, which is set at parity of 1 US Dollar per 1 Signet, to facilitate BTC transactions within Signature Bank. Upon engagement, the buyer's and seller’s respective bank officers assist in facilitating the transaction utilizing the Signet system in the following sequence:

  1. Buyer bank officer and seller bank officer has a call to confirm prove of fund and KYC.

  2. Seller sends a draft SPA. Within 24 hours, buyer will fill out with buyer´s required details, SIGN and return the SPA to the seller. 

  3. Within 24 hours, seller will fill out all required details, SIGN and send back the SIGNED SPA on a PDF format.

  4. The buyer buys Signets with the funds in their Signature Bank account for the current tranche according to the tranche schedule listed in “Annex A”.

  5. The seller receives the Signets of equivalent dollar value, to the number of BTC being purchased in that tranche.

  6. Seller sends BTC for the current tranche to the buyer wallet directly.

  7. The seller redeems his Signets received from the buyer’s dollars that were exchanged for Signets earlier.

  8. The commission must be paid by seller to the agents under the IMFPA listed in “IC-2203-BTC-2022”, which is included in this agreement, concurrently with each successful tranche with rolls and extensions.

  9. Steps 4) through 8) are repeated until the order is complete

  10. Upon completion of the transaction, both parties sign the affidavit of successful settlement.

Interested parties should contact :

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