Bank of Tanzania to Develop Regulatory Framework for Cryptocurrencies and Stablecoins
2026-07-16 02:48
Odaily Odaily Planet Daily News Bank of Tanzania Governor Emmanuel Tutuba stated that the central bank is finalizing the formulation of laws and regulations for digital assets, with the regulatory scope covering virtual assets, cryptocurrencies, and stablecoins, in order to strengthen regulation and supervision.
Emmanuel Tutuba noted that many young people are investing in related fields, and the central bank has received complaints from individuals who have suffered losses in cryptocurrency-related transactions. The new rules will be used to protect Tanzanian investors.
He said the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities associated with virtual assets, requiring entities involved in related activities to operate in accordance with the upcoming guidelines.
Emmanuel Tutuba noted that many young people are investing in related fields, and the central bank has received complaints from individuals who have suffered losses in cryptocurrency-related transactions. The new rules will be used to protect Tanzanian investors.
He said the new regulations will also address the risks of money laundering, terrorist financing, and other illegal activities associated with virtual assets, requiring entities involved in related activities to operate in accordance with the upcoming guidelines.
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