Tanzania edges closer to adopting blockchain & crypto adoption by announcing the creation of a blockchain advisory team
The Tanzanian ICT Commission has been given a notice period of 14 days to set up a team that focuses on blockchain. The team, which is a blockchain advisory team, is expected to:
"Advise the government on policy, legislation and guidelines to enable the technology to be used effectively.”
This announcement is the latest move by the Tanzanian authorities to accommodate President Hassan's call to move towards a more sophisticated system when it comes to crypto. Previously, President Hassan instructed the country's central bank to start preparing for cryptocurrencies, a directive they duly accepted.
In addition to the previously mentioned responsibilities, which focus on an advisory role, the task force has also been assigned to
“provide awareness to government institutions that will be involved in the system, ministers and permanent secretaries.”
Meanwhile, Ndugulile - who is well versed in the benefits of this technology argues that it must be well understood before any thought of adoption takes place. Ndugulile is also looking at making the city of Kigamboni a testing centre for the use of the technology.
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