Home>News>Economy>Cryptocurrency>Tanzanian president urges central bank to prepare for crypto

Tanzanian president urges central bank to prepare for crypto

Cryptocurrency
14.06.2021
161
Tanzanian president urges central bank to prepare for crypto

Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.

Tanzania appears to be the latest emerging economy poised to embrace Bitcoin and crypto assets.

On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized the increasing impact of digital assets on global finance, stating: “We have witnessed the emergence of a new journey through the internet.”

She highlighted the lack of crypto adoption and development in the East African region, stating: “Throughout the region, including Tanzania, they have not accepted or started using these routes.”

“My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

Hassan’s comments come on the heels of numerous Latin lawmakers pushing for greater crypto adoption in other emerging economies, including El Salvador — where Bitcoin has been mandated as legal tender.

While African legislators have been slow to recognize and encourage the crypto economy, the region has been a hotspot for peer-to-peer (P2P) Bitcoin trading for years.

According to Useful Tulips, Sub-Saharan African is the second-largest region for P2P trading behind North America, representing roughly $16.5 million in weekly volume.

Related: Latin lawmakers don lazer eyes on Twitter in support of Bitcoin

Nigeria represents half of the region’s volume, ranking behind the United States as the second-largest nation by P2P Bitcoin trading with $8.5 million in BTC changing hands weekly. Kenya is Africa’s second-ranked peer-to-peer market with more than $3 million in weekly trade, followed by Ghana with $2 million, and South Africa with $1.6 million.

Tanzania ranks seventh for the region with nearly $90,000 worth of trade over the past seven days.

Author:cointelegraph

Актуальные новости

10.10.2021, 14:07
289
Taiwan national day: we will not bow to China, says president amid tensions
11.08.2021, 12:45
261
Poly Network Exploiter Starts Returning the Funds, Gives Back USD 1M
22.05.2021, 14:00
168
Elon Musk Says He Won’t Sell Any Dogecoin — Admits He’s the ‘Ultimate Hodler’
31.10.2021, 13:00
272
OVR Land Map: The Biggest Detailed 3D Map of the Real World With NFTs
12.11.2021, 04:53
267
Danish sculptor seeks legal protection to pick up Tiananmen statue from Hong Kong
03.03.2022, 01:30
238
Mobius Capital Founder Explains Why Bitcoin Is Rallying Amid Russia-Ukraine War
05.02.2022, 17:00
153
Value Locked in Defi Climbs 13% Higher Since Last Week’s Low, SOL Price Jumps 25%, AVAX TVL Spikes
26.04.2022, 16:00
132
Fidelity’s New 401(k) Product Lets Workers Add Up to 20% in Bitcoin to Their Retirement Plans
btc
$ 19471.2
+0.7%
eth
$ 1328.1
+0.53%
xrp
$ 0.47897
+0.31%
busd
$ 1.002
+0.41%
ltc
$ 53.5
+0.65%