Tanzania's Central Bank Develops Regulatory Framework for Crypto and Stablecoins

According to ChainCatcher, Tanzania's central bank is completing a regulatory framework for digital assets, including virtual assets, cryptocurrencies, and stablecoins, said central bank Governor Emmanuel Tutuba. The framework aims to strengthen oversight and protect domestic investors who have filed complaints about losses in crypto transactions. Tutuba noted the rules will also address money laundering, terrorist financing, and other illicit activities related to virtual assets, ensuring market participants comply with forthcoming guidelines.
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