DAR ES SALAAM, Dec. 2 -- THE Bank of Tanzania has warned the public again against the use of cryptocurrencies amid growing use of the digitial currencies.
The Central Bank said in its latest warning over the weekend that cryptocurrencies have not been endorsed as legal tender and therefore its trading, marketing or use was in violation of the law.
"The Bank of Tanzania has noted with concern a growing trend of linking operations of cryptocurrencies as to have been endorsed by the bank to operate as a legal tender in the country despite a public warning issued on 12th November 2019," it said in a statement.
"This is, therefore, to remind the members of public and reiterate the early position that the only legal tender issued and accepted ...