{"id":273854,"date":"2021-06-14T07:30:33","date_gmt":"2021-06-14T04:30:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tanzanian-president-urges-central-bank-to-prepare-for-crypto\/"},"modified":"2021-06-14T07:30:33","modified_gmt":"2021-06-14T04:30:33","slug":"tanzanian-president-urges-central-bank-to-prepare-for-crypto","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tanzanian-president-urges-central-bank-to-prepare-for-crypto\/","title":{"rendered":"# Tanzanian president urges central bank to prepare for crypto"},"content":{"rendered":"

“# Tanzanian president urges central bank to prepare for crypto <\/strong>”
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Tanzania app<\/a>ears to be the latest emerging economy poised to embrace Bitcoin and crypto assets.<\/p>\n

On June 14, Tanzanian president Samia Suluhu Hassan urge<\/a>d the country\u2019s central bank to begin exploring crypto assets. Hassan emphasized the increasing impact of digital assets on global finance, stating: \u201cWe have witnessed the emergence of a new journey through the internet.\u201d<\/p>\n

She highlighted the lack of crypto adoption and development in the East African region, stating: \u201cThroughout the region, including Tanzania, they have not accepted or started using these routes.\u201d<\/p>\n

\u201cMy 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.\u201d<\/p><\/blockquote>\n

Hassan\u2019s comments come on the heels of numerous Latin lawmakers pushing for greater crypto adoption in other emerging economies, including El Salvador \u2014 where Bitcoin has been mandated as legal tender.<\/p>\n

While African legislators have been slow to recognize and encourage the crypto economy, the region has been a hotspot for peer-to-peer (P2P) Bitcoin trading for years.<\/p>\n

According to Useful Tulips<\/a>, Sub-Saharan African is the second-largest region for P2P trading behind North America, representing roughly $16.5 million in weekly volume.<\/p>\n

Related: <\/em><\/strong>Latin lawmakers don lazer eyes on Twitter<\/a> in support of Bitcoin<\/em><\/p>\n

Nigeria represents half of the region\u2019s volume, ranking behind the United States as the second-largest nation by P2P Bitcoin trading with $8.5 million in BTC changing hands weekly. Kenya is Africa\u2019s second-ranked peer-to-peer market with more than $3 million in weekly trade, followed by Ghana with $2 million, and South Africa with $1.6 million.<\/p>\n

Tanzania ranks seventh for the region with nearly $90,000 worth of trade over the past seven days.<\/p>\n