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ETHIOPIA SIGNALS POTENTIAL SHIFT ON CRYPTOCURRENCY STANCE




> The governor of the National Bank of Ethiopia (NBE) has indicated that the
> bank may issue guidelines for the use of cryptocurrency in the country,
> suggesting a potential shift in the country’s stance on digital currencies.
> While cryptocurrency is currently illegal in Ethiopia, the NBE is closely
> monitoring global developments in central banking and may consider allowing
> its use if other countries legalize it. This statement comes as the Ethiopian
> Parliament approved amendments to the National Bank of Ethiopia Proclamation,
> allowing foreign banks to operate in the country.

TAGS IN THIS STORY

Ethiopia, NewsBytes-3






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