Browsing: Prof Florens Luoga

The Central Bank of Tanzania (BoT) is planning in creating its own digital currency. This is not the first time Tanzania has expressed interest in a digital currency. www.theexchange.africa

Tanzania going round in circles over cryptocurrency adoption

Tech & Business

Since Tanzania is still conducting research on cryptocurrencies, rules to govern the sector will be issued after research on crypto is complete. Currently, Tanzania has no regulations for cryptocurrencies and those trading in the sector have been urged to be cautious.
However, there is no timeframe for when regulations will be issued.
In June, President Suluhu asked the country’s financial leaders to prepare for crypto and blockchain as the country drops its conservatism and flies its doors open to the new era of digital currency.…