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Florens Luoga

Report: Tanzania Closer to Launching a CBDC

Report: Tanzania Closer to Launching a CBDCTanzania is getting closer to launching a central bank digital currency (CBDC) which gives the country’s residents a “safe alternative,” the central bank governor has said. However, no date for the digital currency launch has been given. Growing Interest in Cryptocurrencies According to Florens Luoga, the governor of Tanzania’s central bank, his country is inching […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Tanzania Officials Want Global Clarity on CBDCs and Crypto Assets

Officials from Tanzania’s financial sector have called for a clearer global consensus on central bank digital currencies (CBDCs) and crypto-assets. The officials agreed that more discussions still need to be carried out before a final decision is made. Interoperability of CBDCs Just under a year after the Tanzanian President Samia Suluhu Hassan asked the country’s […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Tanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own Risk

Tanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own RiskThe Tanzanian central bank governor recently revealed that cryptocurrencies are not outlawed in the country but warned those dabbling in crypto-related investments that they do so at their own risk. Central Bank Open to Ideas The governor of the Bank of Tanzania (BOT), Florens Luoga, recently stated that the central bank has not outlawed cryptocurrencies […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics

Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left Behind

Tanzanian Central Bank Preparing for CBDC to Ensure Country Is Not Left BehindFlorens Luoga, the governor of the Bank of Tanzania, said the apex bank has kickstarted preparations for a central bank digital currency. He said the bank was doing this to ensure Tanzania is not left behind as other countries adopt digital currencies. Keeping Abreast With Developments on the Continent The Bank of Tanzania (BOT) has […]

From Code to $100K: Why Bitcoin’s Milestone Matters to Economics