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Tanzanian President Instructs To Prepare For Cancellation Of Cryptocurrency Ban

The current directive, which prohibits residents of the country from using digital assets, was released by the head of state in 2019. The Central Bank of the African Republic has already begun preparations for lifting restrictions
Tanzanian President Samia Hassan Suluhu has instructed the country’s central bank to begin preparations to lift the cryptocurrency ban imposed by her predecessor in 2019, Reuters reported. The Central Bank of Tanzania has already begun preparatory work to repeal the directive that prohibits the use of digital assets in the country.

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