Cryptocurrency News

Tanzania’s President Wants Central Bank Head ‘Ready for Cryptocurrency’ – Fintech Bitcoin News

Tanzania’s President Samia Suluhu Hassan has urged her country to be prepared for emerging fintechs by paving the way for cryptocurrencies. He also urged the country’s central bank to initiate necessary preparations for a step-change in the global outlook towards banking.

However, in his address to the finance chiefs of Tanzania, Hassan acknowledged that not everyone in the country is embracing crypto. The 61-year-old leader still wants him to plan ahead. He said:

I know that throughout the country, including Tanzania, they have not accepted or started using these routes. However, my call to the Central Bank is to start working on that development. The central bank should be ready for changes and should not be caught unprepared.

Hassan is the latest national leader speak favorably Cryptocurrency after El Salvador’s Nayib Bukele. In early June 2021, Bukele Told Attendees of a Bitcoin 2021 conference in the US that their country had planned to build B T c legal tender. About a week later, El Salvador became one of the first countries to officially support B T c After the country’s parliamentarians passed a bill construction B T c legal tender.

Meanwhile, in his address, Hassan did not say that Tanzania would be making B T c legal tender. She said she wants Tanzania’s central bank to be ready for the “era of cryptocurrency and blockchain”.

What are your thoughts on Hassan’s comments about cryptocurrencies? Tell us what you think in the comment section below.

image credit: Shutterstock, Pixabay, WikiCommons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell any products, services, or companies, or a recommendation or endorsement of any products, services or companies. does not provide investment, tax, legal, or accounting advice. Neither the Company nor the author is responsible, directly or indirectly, for any damage or loss alleged to be caused by or in connection with the use or reliance on any materials, goods or services mentioned in this article.

Source link

Avinash is a blogger, Enterprenuer, marketer and author. He is very good affiliate marketer and Product Reviewer.