Share this article
Tanzania's President Urges Central Bank to Prepare for Crypto
The president's speech follows El Salvador's adoption of bitcoin as legal tender.
Updated Dec 10, 2022, 9:34 p.m. Published Jun 14, 2021, 9:22 a.m.
Tanzania's president has urged the country's central bank to prepare for wider adoption of cryptocurrency around the world.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- President Samia Suluhu Hassan said the Bank of Tanzania should "be ready for changes and not caught underprepared" during a speech Sunday, according to reportshttps://www.thecitizen.co.tz/tanzania/news/president-samia-gives-cryptocurrency-markets-a-boost-as-bitcoin-closes-on-40-000-3436486.
- "I know that throughout the nation ... they have not accepted or started using these routes. However, my call to the central bank is that you should start working on that development," she said.
- Her speech took place after El Salvador's adoption of bitcoin as legal tender.
- Attention will be focused on other countries that spot an opportunity in crypto to boost economic development and stabilize financial instability.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
