Tanzanian President Welcomes The Era Of Crypto And Blockchain

Presiden Tanzania Samia Suluhu Hassan (Cryptoslate)

JAKARTA – After El Salvador adopted Bitcoin on a large scale, a number of other countries are planning to follow suit, one of which is Tanzania. President Samia Suluhu Hassan is rumored to have pushed the central bank to accept cryptocurrencies.

The Tanzanian president also instructed that the central bank immediately prepare the necessary regulations to regulate crypto trading. This proves the increasing acceptance of cryptocurrencies by the world's population as global trust in banking has faded.

However, the Tanzanian President acknowledged that not all of its citizens accept cryptocurrencies. He expected his citizens to think of plans for the future. In addition, he also urged the Central Bank to be ready to accept changes.

“I know that the whole country, including Tanzania, has not accepted or begun to follow this direction. However, my call to the Central Bank is that you should start working on those developments. The Central Bank must be ready for change and not get caught up in unpreparedness”, said Samia President Suluhu Hassan, quoted from Bitcoin News, Tuesday 15 June.

Samia is one of the presidents who positively welcome cryptocurrencies after El Salvador's President, Nayib Bukele. Previously, President Bukele had announced that his country would legalize Bitcoin at the Bitcoin 2021 conference held in Miami. Not long after that, El Salvador actually proved his plan by legalizing BTC.

With the acceptance of BTC, El Salvador became the first country to adopt Bitcoin. The action prompted other countries to make Bitcoin the official currency of the country.

However, the Tanzanian President did not explicitly state that he wanted to legalize Bitcoin as a legal transaction tool. In his speech, President Samia only emphasized central banks to prepare themselves for the arrival of the “crypto and blockchain age”.