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[WATCH] The President of Tanzania Urges the Central Bank of Tanzania to Prepare and Start Looking into Cryptocurrencies

Bitcoin KE The President of Tanzania, Samia Suluhu Hassan, has urged the Bank of Tanzania to look into cryptocurrencies and not be left behind. According to Swahili Times, a local daily, the President urged the Bank of Tanzania (Central Bank of Tanzania) to remain vigilant amidst the growing interest and adoption of cryptocurrencies. BitKE has consistently covered the state of blockchain and crypto adoption in Tanzania: The legal system of Tanzania was also recently admonished to consider blockchain and smart contracts as an evolving aspect of the legal profession in the country at a recent advocates bar admission, an event attended by the top legal minds in the country.

The Tanzanian Legal System Urged to Consider the Impact of Blockchain Smart Contracts and Update Legislation Accordingly

Bitcoin KE The top legal minds in Tanzania, including the top-level government officials and legal administrative bodies, have been urged to consider blockchain and smart contracts as an evolving aspect of the legal profession in the country. This admonition was part of the key address during the 63rd class of new advocates who got admitted into the Tanzanian bar on December 21, 2020. Chief Justice of Tanzania Solicitor General of Tanzania The Principle Judge, High Court of Tanzania Ladies Judges of the High Court of Tanzania Director of Public Prosecution, Tanzania Chief Registrar, Tanzania The Principal, Law School of Tanzania and Members of the Council of Legal Education

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