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Tanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe alternative,” the central bank governor has said. However, no date for the digital currency launch has been given. Growing Interest in Cryptocurrencies According to Florens Luoga, the governor of Tanzania’s central bank, his country is inching […]Powered by WPeMatico
It’s unclear what role crypto may play in the community, given Tanzania’s central bank banned digital assets in November 2019.
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The central bank has “already begun preparations” for a digital shilling, according to Bank of Tanzania Governor Florens Luoga.
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More African countries are considering adopting Bitcoin as the local crypto market surged over 1,200% in one year.
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The tour will begin in Zanzibar on Oct. 23 before continuing on to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe, and Tanzania.
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President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition.
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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.
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In a recent YouTube AMA, Charles Hoskinson gave an update on the promotion of Cardano across the African continent.
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Tanzania favors joint research with tech industry over government blockchain committee, says minister
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A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]
The post Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments appeared first on Bitcoin News.
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