- The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives.
- In preparing to launch a CBDC, the governor said Tanzania is also planning to expand research into digital currencies and strengthen the capacity of central bank officials.
- If successful, Tanzania would be among a select group of countries currently exploring a rollout of a CBDC. Many industry experts are looking at China leading the way to the next CBDC launch from a major world economy.
[Via]
