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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