Authorities in Tanzania are considering issuing an official digital currency to combat the growing use of cryptocurrencies.
Florens Luoga, Governor of the Central Bank of Tanzania, in his statements today They see digital central bank coins (CBDC) as an alternative to cryptocurrencies. told.
According to Bloomberg, Luoga “There are so many people who are attracted to cryptocurrency speculators, and it is critical that we develop a digital central bank coin as an alternative.” said.
For payment processing in Africa digital money The first country to start using it was Nigeria as of last October. The Governor of the Central Bank of Tanzania mentioned that they could develop a CBDC like this.
Luoga also stated that as the Central Bank of Tanzania, they have sent representatives to a group of countries, including Nigeria, that have experience in CBDC. Luoga, Tanzania’s own digital currency when will it develop did not provide information about
“We cannot ignore digital central bank coins.” said Luoga, “Central bank governors, from almost anywhere in the world, receive training and discussions on how this can be improved.” he added.
A recent study by the Bank for International Settlements (BIS) also nine out of ten central banks He had shown that he was doing research on digital currencies.