DAR ES SALAAM, July 13 -- THE Bank of Tanzania (BoT) is finalising laws and regulations to govern cryptocurrencies and other virtual assets, the central banks Governor, Emmanuel Tutuba, has said.

Speaking during his visit to the BoT pavilion at the ongoing 50th Dar es Salaam International Trade Fair (DITF) over the weekend, Mr Tutuba said the legal framework is intended to strengthen oversight of digital assets, while protecting investors from potential risks associated with the fast-evolving sector.

“We are currently finalising the preparation of laws and regulations for the supervision of digital assets, particularly virtual assets, cryptocurrencies and stablecoins, so that we can strengthen regulation and oversight,” Mr T...