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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)
More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.
The semi-autonomous region of Tanzania is taking advantage of a sandbox regulatory framework adopted in July.
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 [...]
The post Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’ appeared first on Crypto Breaking News.
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