Re: President Of Tanzania Calls On The Central Bank A To Prepare For The Use Of Cryp

Quote from: Bitcoinmoon12 on June 14, 2021, 02:51:53 AM

“BoT considers the recent surge in the prices of cryptocurrencies to be driven by speculation. The risk of a sharp reduction in prices is high. Investors in cryptocurrencies should be aware that they run the risk of losing all their capital,” the Central Bank of Tanzania said.

Source: https://azcoinnews.com/president-of-tanzania-calls-on-the-central-bank-a-to-prepare-for-the-use-of-cryptocurrencies-and-blockchain.html

This warning by the bank is normal and present in all cryptocurrency trading platforms, this is a fact that cannot be ignored, working with cryptocurrency can be dangerous for beginners and cause loss of their money if they do not have enough experience, this warning will not stop people from trading cryptocurrency It is like a warning What is on cigarette packages is “Beware smoking causes cancer and heart disease.” However, all people smoke and no one stops smoking because of this warning.
The important thing is that Tanzania’s acceptance of cryptocurrencies is a great step but it is only the first step because they will have a lot of work to make this acceptance a reality on the ground, the appropriate infrastructure as well as the appropriate regulatory laws must be provided for cryptocurrency to work.