Despite the lack of regulations, Tanzania reportedly has a large crypto currency mining sector and is
rated 72 out of the 249 countries that are actively involved in digital currency mining, with its crypto-related activity ranked at 3.9/10.

According to government authorities, it is important to provide a central bank digital currency as a safe alternative because many people are being affected by crypto currency speculators .And now Tanzania is edging closer to introducing a central bank digital currency to help counter the rising popularity of crypto currencies in the nation

However, Blockchain and crypto currency ventures BCVLTD is engaging stake holders to create Blockchain awareness in Tanzania

In an interview with Blockchain and crypto currency ventures members and Hon. Hon .Condester
Sichalwe, the move to adoption of cryptocurrency in Tanzania still pends till there are clear regulations