Tanzania’s President Urges Central Bank to Prepare for Crypto

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Tanzania’s president has urged the country’s central bank to prepare for wider adoption of cryptocurrency around the world.

  • President Samia Suluhu Hassan said the Bank of Tanzania should “be ready for changes and not caught underprepared” during a speech Sunday, according to reports.

  • “I know that throughout the nation … they have not accepted or started using these routes. However, my call to the central bank is that you should start working on that development,” she said.

  • Her speech took place after El Salvador’s adoption of bitcoin as legal tender.

  • Attention will be focused on other countries that spot an opportunity in crypto to boost economic development and stabilize financial instability.

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