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You are at:Home » Tanzania’s Central Bank Working On New Crypto Directives
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Tanzania’s Central Bank Working On New Crypto Directives

AB News DeskBy AB News DeskJune 25, 2021Updated:June 26, 2021No Comments1 Min Read
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Tanzania's Central Bank Working On New Crypto Directives - AlexaBlockchain
Tanzania's Central Bank Working On New Crypto Directives
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It is still not clear whether the Central Bank of Tanzania plans to adopt existing cryptocurrencies such as bitcoin, or is exploring possibilities of its own CBDC.

Tanzania, June 25, 2021 /AlexaBlockchain/ – The Central Bank of Tanzania has said it is working on President Samia Suluhu Hassan’s recent directives to prepare for cryptocurrencies, reports Reuters.

  • This may result in a possible reversal of a ban on cryptocurrency it put in place in 2019, citing they were not recognized by local law, but it now says it is adapting following the president’s directive.
  • President Samia Suluhu Hassan recently called on the Central Bank of Tanzania to begin exploring cryptocurrencies and blockchain.
  • She said the Central Bank should be ready for the changes and not be caught unprepared.
  • It is still not clear whether the Central Bank of Tanzania plans to adopt existing cryptocurrencies such as bitcoin, or is exploring possibilities of its own CBDC.

Read more: Tanzania President Signals ‘Bitcoin’ As The Future Of Finance

Bitcoin Crypto Tanzania
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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