Tanzania announces new plans to create blockchain advisory team

Posted:Jul 15, 2021 09:17 Category: Africa , Blockchain , Crypto , Posted by
Ravindu Dabarera

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.

Source: news.bitcoin

Next up: Malta Week

Don’t miss out on amazing networking opportunities and exclusive industry insights at Malta Week. Four leading shows will bring the best of the business back-to-back to a first-class meeting point. Malta Week will consist of SiGMAAIBCMed-Tech World and AGS, each presenting the top developments of their focal industries.

The cross-collaboration of each brand make Malta Week the number one destination for leading think-tanks of the gaming sector, emerging tech, digital health and digital marketing. The middle of the Mediterranean is the perfect place for multi-faceted business deals and face-to-face conversations with leading affiliates, policymakers and thought leaders.

Related Posts

Europe pioneers new era of…

The European Commission is taking significant steps towards adopting blockchain technology to revolutionise the verification process of educational and professional…

First digital bond for Israel

The Tel Aviv Stock Exchange in collaboration with the Israeli Ministry of Finance and three leading tech companies issued the…

UK PM announces AI focused…

UK Prime Minister, Rishi Sunak, has announced plans to host a global summit regarding Artificial Intelligence (AI) a landmark move…

Crypto market in turmoil as…

The U.S. Securities and Exchange Commission has filed a lawsuit against Binance, the world's largest cryptocurrency exchange, and its CEO,…