Tanzania’s President Calls For Central Banks To Work Towards Crypto Acceptance
Bitcoin and crypto adoption was all over the place last week and it seems like the trend might continue this week as well Following the recent events of El Salvador’s President Nayib Bukele announcing the acceptance of Bitcoin as a legal tender, this has sparked a domino effect of other Central and South American countries […]
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President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition. The Bank of Tanzania is reportedly working to overturn its ban on crypto amid favorable cryptocurrency comments made by the country’s president.According to Reuters, Tanzania’s central bank has begun working on directives from the country’s federal government that could see a reversal of its November 2019 crypto ban.As previously reported by Cointelegraph, president Hassan urged the central bank to begin exploring Bitcoin (BTC) and digital assets....
Bitcoin and Blockchain are technologies which have the potential to dramatically change the world. If Blockchain technology is deployed rapidly and effectively, we can bank the unbanked, automate contracts and even get Blockchains to work with the Internet of Things (IOT) to create a Blockchain of Things. Yet the primary use of Blockchains remains as a medium to validate cryptocurrency transactions. If that is the case, one must ask the question, how soon before central banks not only accept Blockchain but also start to have more acceptance of Bitcoin and other cryptocurrencies? After all....
Bitcoin has been undergone the spotlight over the past few months and years due to some fearing it will contest traditional currencies. Central banks seem to be firing back with their own central bank digital currency projects. Ironically, analysts say that the introduction of CDBCs could end up strengthening Bitcoin. Calls for a CBDC Bolster the Bitcoin Bull Case, Analysts Say Recently, European Central Bank President Christine Lagarde confirmed that the European Union’s central bank […]
Major central banks worldwide have spent the past year organizing their own working groups dedicated to exploring blockchain technology and digital currencies. During a three-day event in Washington, DC, hosted by the World Bank, the Intentional Monetary Fund and the US Federal Reserve, representatives from a range of central banks worldwide offered private details about the ongoing work at their respective institutions. At the gathering last week the central bank leaders expressed broad interest in how the technology might impact both the banks they regulate as well as their own....
The president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will start holding bitcoin now that a growing number of companies, like Tesla, are embracing the cryptocurrency. Lagarde remains skeptical about bitcoin, having recently said it “has conducted some funny business.” ECB Chief Christine Lagarde Denies Central Banks Will Hold Bitcoin Following Elon Musk’s Tesla investing $1.5 billion in bitcoin, the president of the European Central Bank (ECB), Christine Lagarde, has clarified whether central banks will hold bitcoin.....