The President of Tanzania wants the central bank to adopt crypto

The President of Tanzania wants the central bank to adopt crypto

The president of Tanzania wishes that the country will start seeing the bright side of bitcoins and other cryptocurrencies.

Tanzania recently started making progress in its economy and it sees adopting BTC and crypto assets a necessity to strengthen the move.

Today, the president of Tanzania Samia Suluhu Hassan implored the central bank in the country to start looking at ways in which crypto assets can be a blessing to the country. The president is convinced that adopting cryptocurrency is necessary to be a part of the emerging global financial forces.

She noted that Tanzania and many other East African countries are yet to explore the benefits of digital assets. She therefore said:

“My call to the Central Bank is that you should start working on that development. The Central Bank should be ready for the changes and not be caught unprepared.”

Apart from Hassan, many other country leaders have seen the light in crypto usage. A good example is the president of El Salvador who has decreed that people can now use crypto to buy and sell goods and services.

Although African leaders are yet to make it legal in their countries, their region is home to the highest users of trading platforms and P2P transactions.

Useful Tulips even recorded that besides North America, there is no other region with a higher number of P2P transactions than Sub-Saharan Africa.

Nigeria contributes the highest in Sub-Saharan Africa with over 50% of the transactions coming from there making it the second best in weekly P2P transactions behind the U.S. While Nigeria is top with $8.5 million BTC exchanged weekly, Kenya is second in the region with $3 million weekly. Ghana and South Africa are 3rd and 4th with $2 million and $1.6 million respectively.

During the past week, Tanzania’s P2P weekly transaction was 7th in the region as it recorded $90,000 in exchanges.


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