NewsLEGAL ALERT: Central Bank Outlaws the Use of Cryptocurrencies in Tanzania
13 November 2019by finandlaw-admin
The Central Bank of Tanzania (BOT) has issued a public notice on 12th November, 2019 against the use of Virtual Currencies (Cryptocurrencies) in Tanzania. The Notice cautions the public against trading, marketing and usage of virtual currency because doing so is contrary to existing foreign exchange regulations. According to the notice, the Central Bank insisted...
