Tanzanian central bank is preparing for CBDC to ensure that the country does not remain - emerging countries
Tanzanian central bank is preparing for CBDC to ensure that the country does not remain - emerging countries
Florens Luoga, the governor of the Bank of Tanzania, said Apex-Bank has initiated preparations for a digital central bank currency. He said the bank was doing this to ensure that Tanzania does not remain when other countries introduce digital currencies.
with the developments on the continent to keep up
The Bank of Tanzania (Bot) has started preparations for its digital currency to ensure that the country is not left behind when introducing digital central bank currencies (CBDC), according to a Bloomberg report.
The announcement follows reports that also Zanzibar-an autonomous region before the coast East Africa - is interested in the introduction of digital currencies. The step of the bot, which was confirmed by governor Florens Luoga, also takes place almost a month after the central bank of Nigeria (CBN) as the first central bank of the continent The Start a cbdc.
luoga explains why the bot strives to start your CBDC and is quoted by emphasizing the meaning not to be left behind, and says:
To ensure that our country does not remain when the digital central bank currencies are introduced, the Bank of Tanzania has already started preparations for its own CBDC.
authorities want Tanzanians to stay careful
As already reported by Bitcoin.com News, the Bank of Ghana is the only other West African central bank that It is just before the introduction of its CBDC. Other central banks such as the South African Reserve Bank and the Bank of Namibia have stated that they are still The possibility of introducing the introduction of CBDCS.
Shortly after taking office, the Tanzanian President Samia Suluhu Hassan Asked The country's central bank to prepare for cryptocurrencies. A few weeks after President Hassan's speech, a spokesman for Bot confirmed The bank followed the call and indicated that a ban on a ban on cryptocurrencies indicated.
But despite the apparent loosening of the anti-crypto rhetoric, a test report The authorities of the country want the Tanzanians to still be careful when dealing with crypto -related investments.
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