Tanzania is also ready to legalize Bitcoin

by in Cryptocurrency News

Tanzania

Last week, the El Salvadorian government passed a bill to legalize bitcoin for the first time in the world. This event supported the market and strengthened the position of BTC.

Today it became known that another country may recognize bitcoin and other digital currencies as legal means of payment.

On June 14, Samia Suluhu Hassan, the incumbent president of Tanzania, announced his government's intention to pass a law on the crypto sphere. The head of the African state recognized the huge potential of digital currencies and stressed that the world community is becoming part of the Internet revolution, one of the elements of which is Bitcoin.

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Tanzania's President said: "My call to the Central Bank is for you to start working on this development of the crypto market. The central bank must be prepared for change lest it is taken by surprise."

The use of BTC in Africa is growing rapidly.

After Latin America, it is on this continent that cryptocurrencies have become the most popular instruments. Twitter founder Jack Dorsey drew attention to such a trend two years ago.