The Bank of Tanzania is developing a regulatory framework for digital assets, covering cryptocurrencies and stablecoins

Emmanuel Tutuba, the Governor of the Bank of Tanzania, stated that the bank is intensifying the development of a regulatory framework for digital assets, and relevant laws and regulations have entered the final stage of formulation. In the future, it will cover the regulation of virtual assets such as cryptocurrencies and stablecoins, with the aim of strengthening investor protection, addressing money laundering and terrorist financing risks, and enhancing regulatory capabilities.