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Wednesday, October 11, 2017

Crypto News: Bitcoin Has Caught the Attention of Tanzania’s Central Bank

Bitcoin Has Caught the Attention of Tanzania’s Central Bank

Currently, online searches for the decentralized cryptocurrency bitcoin are trending significantly within the Eastern and Southern African regions. There is significant interest in areas like Nigeria, Kenya, and Tanzania and these regions have a plethora of ways to obtain bitcoin. In Tanzania specifically, Localbitcoins volumes have risen exponentially since last Spring and the country’s central bank is beginning to take notice.

This week the governor of the Bank of Tanzania (BoT) Benno Ndulu told the country’s local newspaper, the Guardian, that Tanzanians should be aware of the risks associated with digital currencies.

“We know about cryptocurrencies, but as a government, we want to study it so we can understand it better,” Ndulu details. According to statements told to the Guardian,Ndulu explains that the BoT is not sure how it will approach unregulated digital currencies.

"We are now working to see if we should allow it, regulate it or ban it. We are still studying the matter and looking at it very closely before taking any further measures."

Full story at

Source: Bitcoin News

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