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The Bank of Tanzania is drafting a regulatory framework for crypto assets, which will cover cryptocurrencies and stablecoins
BlockBeats, July 16: Tanzania’s central bank governor Emmanuel Tutuba said the central bank is stepping up the development of a digital asset regulatory framework. Relevant laws and regulations have entered the final drafting stage, and in the future it will cover the regulation of virtual assets such as cryptocurrencies and stablecoins.
Tutuba said this move is intended to strengthen investor protection—especially for young investors participating in the crypto market—while also addressing risks posed by money laundering, terrorist financing, and other illegal activities, and improving the central bank’s ability to regulate the digital asset market.