Bitcoin Not A Solution To Africa’s Economic Problems
Apr 29, 2022 ·
48s
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Description
The International Monetary Fund warned that Bitcoin is not a cure-all for Africa’s economic woes after the Central African Republic adopted the cryptocurrency as legal tender. The head of the...
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The International Monetary Fund warned that Bitcoin is not a cure-all for Africa’s economic woes after the Central African Republic adopted the cryptocurrency as legal tender.
The head of the IMF’s African Department, Abebe Aemro Selassie, says that a robust payment system with financial transparency and a governance framework must be in place when adopting cryptocurrencies.
He says it is really important to not see such things as a panacea for the challenges that countries face.
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The head of the IMF’s African Department, Abebe Aemro Selassie, says that a robust payment system with financial transparency and a governance framework must be in place when adopting cryptocurrencies.
He says it is really important to not see such things as a panacea for the challenges that countries face.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
| Tags |
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