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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

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