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.
Tanzania News
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It's unclear what role crypto may play in the community, given that Tanzania's central bank banned digital assets in November 2019.
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The central bank has “already begun preparations” for a digital shilling, according to Bank of Tanzania Governor Florens Luoga.
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More African countries are considering adopting Bitcoin as the local crypto market surges over 1,200% in one year.
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The tour will begin in Zanzibar on Oct. 23 before continuing on to Kenya, Rwanda, Uganda, Zambia, Malawi, Mozambique, Zimbabwe, and Tanzania.
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President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition.
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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets.
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In a recent YouTube AMA, Charles Hoskinson gave an update on the promotion of Cardano across the African continent.
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Blockchain regulation should come as a result of joint governmental and industry efforts, a Tanzanian minister has said.
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