East Africa to set up common central bank in its march toward single currency
The decision on where to set up the East African Monetary Institute will be made this year, as the region lays the foundation for a single regional currency.
Latest Tanzania News
Tanzania opts for ‘cautious’ approach in its CBDC development
Bank of Tanzania stated that while CBDCs offer myriad benefits, there are still major pitfalls that could adversely affect the local economy.
Tanzania central bank wants to develop own digital currency
The Bank of Tanzania is looking to expand its digital currency research and development team capacity, following the footsteps of Nigeria’s e-Naira, according to central bank Governor Florens Luoga.
Tanzania working on digital currency directives after presidential endorsement
The country’s central bank is reportedly working on new directives for digital currencies following a recent push by the president to “keep up with the times” and look into digital currencies.
Tanzania president urges central bank to consider digital currency
President Samia Suluhu Hassan highlighted the growing role for digital assets in global finance, suggesting there may be a role for digital currency in developing Tanzania’s economy.
Tanzania looks at cryptos potential for its economy
Tanzania will do an old school study of the country, sending a researcher far and wide to investigate how cryptos can help.
Crypto in Africa: South Africa wants to hike taxes on blockchain-related activities
Blockchain and cryptocurrency adoption in Africa is steadily increasing with new countries in the continent getting onboard.