{"id":192795,"date":"2021-06-14T19:00:45","date_gmt":"2021-06-14T18:00:45","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=192795"},"modified":"2021-06-14T18:24:10","modified_gmt":"2021-06-14T17:24:10","slug":"tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption\/","title":{"rendered":"Tanzania&#8217;s president is now calling for Bitcoin and crypto adoption"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania's President Samia Sulhulu has asked the country's Central Bank to start exploring the crypto sector, as per local outlet <em><a href=\"https:\/\/t.co\/TEtFJFRXj0?amp=1\">The Citizen<\/a><\/em>.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">President of Tanzania ?? calls on the central bank to prepare for the &quot;use of cryptocurrency&quot;<\/p>\n<p>&quot;We have witnessed the emergence of new journeys through the internet&#8230;My call to the central bank, is to start working on that development.&quot;<a href=\"https:\/\/t.co\/sRjcrU87hN\">pic.twitter.com\/sRjcrU87hN<\/a><\/p>\n<p>&mdash; Documenting Bitcoin ? (@DocumentingBTC) <a href=\"https:\/\/twitter.com\/DocumentingBTC\/status\/1404126444863766533?ref_src=twsrc%5Etfw\">June 13, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>Bitcoin for Tanzania<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.cityam.com\/bitcoin-closes-in-on-40000-as-elon-musk-and-tanzania-give-the-markets-a-lift\/\"><span style=\"font-weight: 400;\">announcement<\/span><\/a><span style=\"font-weight: 400;\"> by the President, which was made on June 14, appears to be the latest in a recent series of moves by various countries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;We have witnessed the emergence of a new journey through the Internet,&#8221; Hassan said while emphasising that the increasing impact of digital assets, including cryptocurrencies, on global finance is enormous.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While noting throughout the East African region, no country has accepted or started making moves to adopt cryptocurrency; she called on the country's central bank to be prepared for all eventualities.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;My call to the Central Bank is that you should start working on that development. The central bank should be ready for the changes and not be caught unprepared,&#8221; Hassan added.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The announcement in Tanzania comes on the heel of moves in countries like Mexico, Uruguay and Panama to adopt and legalise cryptocurrency as a legal means of exchange within their countries.<\/span><\/p>\n<h2><strong>Countries around the world move to adopt crypto<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Lawmakers in Mexico, for example, led by Eduardo Murat Hinojosa, had recently begun to push for greater adoption of crypto, including expressing public support for its use.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the African continent is generally still behind in the race to recognise and adopt crypto, the region has recorded massive peer-to-peer Bitcoin trading for years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Sub-saharan African country Nigeria alone represents one of the highest volumes of bitcoin transactions globally, led only by the United States. The country recorded $8.5 million in Bitcoin transactions weekly.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the continent, Nigeria is followed by Kenya and Ghana at $3 million, $2 million, respectively.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another African country with a massive volume of cryptocurrency transactions in South Africa with $1.6 million. Tanzania currently sits at seventh with nearly $90,000 worth of trade over the past seven days.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In what appears to be the latest move by a sovereign country to embrace cryptocurrency, Tanzania&#8217;s President Samia Sulhulu has asked the country&#8217;s Central Bank to start exploring the crypto sector, as per local outlet The Citizen. President of Tanzania ?? calls on the central bank to prepare for the &quot;use of cryptocurrency&quot; &quot;We have [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":192808,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,60208],"tags":[76819],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tanzania&#039;s president is now calling for Bitcoin and crypto adoption<\/title>\n<meta name=\"description\" content=\"Tanzania&#039;s President Samia Sulhulu has asked the country&#039;s Central Bank to start exploring the crypto sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tanzania&#039;s president is now calling for Bitcoin and crypto adoption\" \/>\n<meta property=\"og:description\" content=\"Tanzania&#039;s President Samia Sulhulu has asked the country&#039;s Central Bank to start exploring the crypto sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-14T18:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-14T17:24:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/06\/tanzania-bitcoin-adoption.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/tanzanias-president-is-now-calling-for-bitcoin-and-crypto-adoption\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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