Tanzania News

Nigeria’s central bank has upgraded its eNaira to steer the country away from crypto even after a UN report stated that restrictions on digital currencies are stifling the nation’s fintech sector.

It's unclear what role crypto may play in the community, given that Tanzania's central bank banned digital assets in November 2019.

The central bank has “already begun preparations” for a digital shilling, according to Bank of Tanzania Governor Florens Luoga.

More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.

The tour will begin in Zanzibar on Oct. 23 before continuing on to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe, and Tanzania.

President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition.

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

In a recent YouTube AMA, Charles Hoskinson gave an update on the promotion of Cardano across the African continent.

Blockchain regulation should come as a result of joint governmental and industry efforts, a Tanzanian minister has said.