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Tanzania has begun preparations to launch its own CBDC

advertisement Bank of Tanzania, the country’s central bank, has begun the process of launching its own digital currency. Governor Florens Luoga reportedly revealed the news at the central bank-organized 20th Conference of Financial Institutions (COFI) on Thursday. He said, “the Bank of Tanzania has already begun preparations to have its own CBDC” to ensure that the country is not left behind the adoption of CBDCs. To that end, the central bank is also looking to expand its CBDC research and …

Here’s how El Salvador’s president plans to use bitcoin bonds

El Salvador’s president, Nayib Bukele, is planning to use a so-called bitcoin bond to fund a new municipality called “Bitcoin City,” which would be powered with geothermal energy from a volcano.  Bukele announced the plan in the late evening of Nov. 20, speaking on stage during an elaborate grand finale to wrap up the LABITCONF conference. He was also joined by Blockstream chief strategy officer Samson Mow. The same night, The Block reported that El Salvador struck a deal with …