Category: Tanzania

The year 2024 marks a significant turning point in Tanzania’s approach to cryptocurrency, reflecting a broader trend in the global financial landscape. The East African nation, historically known for its cautious stance towards digital currencies, has embarked on a path of cautious yet progressive regulation. This move is in...

Initial Skepticism and Caution In the early stages, the regulatory approach to cryptocurrencies in Tanzania was marked by skepticism and caution. In 2017, the Director of National Payment Systems of the Bank of Tanzania (BoT) declared that crypto assets were not recognized in the country. This stance was a...