Tanzania wary about CBDC adoption following studies

Tanzania's central bank is proposing a central bank digital currency (CBDC). An East African interdisciplinary technical team examined CBDC hazards and advantages. Four governments have halted CBDC adoption plans, while six have abandoned digital currencies. (Read More)

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The Bank of Tanzania to Introduce CBDC, Strengthening Domestic Payment System

The Bank of Tanzania is actively introducing a CBDC to strengthen the domestic payment system. (Read More)

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Crypto-loving anti-vax group seeks like-minded talent to live in African ‘paradise’

It's unclear what role crypto may play in the community, given Tanzania's central bank banned digital assets in November 2019. A group of people who have claimed they refuse to take any of the COVID-19 vaccines — at a time when the number of cases around the world is at an all-time high — is… More

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Bank of Tanzania Preparing for the Launch of CBDC

The Bank of Tanzania is preparing to start exploring a possible launch of a central bank digital currency (CBDC). The central bank termed the move inspired by Nigeria’s central bank launch of its national digital currency. (Read More)

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Tanzania’s Zanzibar reportedly exploring ways to adopt crypto

More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.

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Zanzibars new blockchain sandbox aims to drive tech startup growth

The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.

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Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’

The Tanzanian central bank said on May 31 that foreign currency dealers are required to trade all transactions that exceed $1,000,000 within “interbank foreign exchange market prevailing quoted prices.” According to the Bank of Tanzania, the latest directives are intended to “foster macroeconomic stability and safeguard the stability of the financial system.” Forex Dealers Must [...]

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