Here are the top interesting stories in the cryptocurrency sector that you might have missed
Tanzania weighing cryptocurrency adoption option
Earlier this week, Tanzania’s President Samia Suluhu Hassan alluded that the East African country might be en route to adopting crypto. Speaking in the port city of Mwanza, President Suluhu instructed the country’s central bank to put measures in place to avoid being caught flat-footed by any crypto developments that might occur.
She also noted that the East African region was lagging in crypto adoption and use. Tanzania is yet to embrace digital assets fully, but the scenario is no different in its neighbouring countries. Her remarks not only signify the country’s domestic interest in cryptocurrencies but also represent the dawning of the crypto and blockchain age in Africa.
It is worth noting that even though African leaders and regulatory bodies have not been keen on crypto, the continent has been active in peer to peer Bitcoin trading for a while now. A recent report by Useful Tulips revealed that the Sub-Saharan region comes only second to North America in these transactions.
Tesla to accept Bitcoin if a considerably green trend is set
Through a tweet on Sunday, Tesla chief executive Elon Musk announced that the US-based carmaker company would begin accepting Bitcoin again when the crypto attains a reasonable status of green energy.
Musk was, at one time, a huge Bitcoin proponent and even steered Tesla into buying $1.5 billion worth of Bitcoin in February. His interest in the cryptocurrency has, however, seemingly dwindled as he has set eyes on Dogecoin. In May, Tesla closed doors to Bitcoin, citing environmental concerns but kept its Bitcoin holdings.
Several governments, authorities and popular figures have since raised questions around the energy
