03/08/2021: El Salvador Adopts Bitcoin as Legal Tender
El Salvador becomes the first country to recognize Bitcoin, including Bitcoin Cash (BCH), as a legal tender, leading to increased adoption.
24/02/2021: Bitcoin Cash Becomes Merchant Payment Solution
Bitcoin Cash (BCH) gains traction as a popular cryptocurrency for merchant payments due to its low fees and faster transaction times.
15/11/2020: Bitcoin Cash ABC vs. Bitcoin Cash Node
A contentious hard fork occurs within Bitcoin Cash (BCH) community, resulting in a split between Bitcoin Cash ABC and Bitcoin Cash Node.
06/09/2018: Announcement of new dinar notes
The Central Bank of Libya announces the release of new dinar banknotes with enhanced security features to combat counterfeiting.
15/05/2018: Bitcoin Cash Upgrade
Bitcoin Cash (BCH) undergoes a hard fork called ABC upgrade, introducing larger block sizes and smart contract functionalities.
01/08/2017: Bitcoin Cash Hard Fork
Bitcoin Cash (BCH) splits from Bitcoin (BTC) due to a contentious hard fork, increasing the block size to 8MB.
28/07/2014: Recognition of rival governments
The Libyan Supreme Court recognizes two rival governments, further fragmenting the country and impacting the value of the dinar.
17/02/2011: Start of the Libyan Civil War
The Libyan Civil War begins, leading to political instability and further devaluation of the Libyan dinar.
03/01/2009: First Bitcoin Block Mined
The Genesis Block, also known as Block 0, is mined, marking the birth of Bitcoin network.
31/10/2008: Bitcoin Whitepaper Released
Satoshi Nakamoto publishes Bitcoin whitepaper, laying the foundation for peer-to-peer electronic cash system.
07/04/1986: US imposes economic sanctions
The United States imposes economic sanctions on Libya, severely impacting the value and stability of the Libyan dinar.
02/03/1978: Establishment of the Central Bank of Libya
The Central Bank of Libya is established, becoming the sole authority responsible for issuing and managing the Libyan dinar.
08/09/1971: Introduction of the Libyan dinar
The Libyan pound is replaced by the Libyan dinar, at a rate of 1 dinar = 1 pound.
24/12/1951: Independence of Libya
Libya gains independence from Italy, introducing the Libyan pound as its currency.