Why Bank of Tanzania is worried about cryptocurrencies

Cryptocurrencies might not be trending anymore in Tanzania, as the Bank of Tanzania (BoT) unequivocally issued a statement on November 12, this year. The bank noted that trading, marketing and usage of virtual currency is contrary to existing foreign exchange regulations, the BoT press release reads. The first famous decentralized cryptocurrency bitcoin created in 2009, … Continue reading Why Bank of Tanzania is worried about cryptocurrencies