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Tanzania Considers Crypto—And Boosts Bitcoin—As Nations Line Up Behind El Salvador To Embrace Decentralized Finance

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I am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter @theroberthart or email me at rhart@forbes.com

on the Tanzanian Central Bank Sunday to begin “working on” facilitating widespread use of cryptocurrencies in the East African nation. the Central Bank should “be ready for the changes and not be caught unprepared.”to adopt bitcoin as legal tender last week and helped give the flagging market a boost.

The announcement helped bitcoin gain nearly 10% in 24 hours, nearly reaching $40,000 a token Monday morning.that Tesla would resume its use of bitcoin when there is proof the asset is obtained using around 50% clean energy. There is growing popular support for bitcoin adoption in Nigeria that also gained momentum over the weekend. Russell Okung, an NFL player of Nigerian descent,

 

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President Samia's comments were taken out of context by some news media. She ordered central bank to 'study blockchain and crypto-currencies to ensure govt is not caught unaware if they gain popularity in Tanzania.' She made it clear Tanzania has not accepted cryptocurrency

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