Tanzania Awaits Results of CBDC Research - Coinleaks
Current Date:September 21, 2024

Tanzania Awaits Results of CBDC Research

Bank of Tanzania, CBDCIt awaits the completion of research into the technology before a decision is made on its adoption.

Countries central bank digital currency ( CBDC ) continues its work at full speed. Countries that want to take part in the new technology have paid attention to the digitalization process of their currencies. Many countries, CBDC with the first test payments and commercial transactions. On the other hand Tanzania, CBDC He formed a team to investigate the risks and benefits of This research in CBDCwill influence their decisions.

Tanzania Inside Fully-Full Research for CBDC

East African country Tanzaniais among the countries that have taken steps in digital transformation and blockchain. Tanzania basecentral bank digital currency ( CBDC ) stated that he wanted to put it on the market. However Tanzania base, wants to make this move after completing various researches.

Tanzania base, different CBDCtypes, export and management structures and CBDC He began to investigate the main structure of . Within the scope of this research, CBDCIt is foreseen that ‘s will be token or account based.

Commenting on the subject Tanzania base, “At this point, the conclusion of the research revealed that more than 100 countries around the world are at different stages in their journey to adopt CBDC; 88 of these are in the research phase, 20 are in the proof-of-concept, 13 in the pilot and 3 in the launch phase”said.

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