Tanzania's central bank is still considering CBDCs but says it's now taken a 'phased, cautious and risk based approach' after early research came back with some potential challenges.
rollout, the East African country formed a multidisciplinary technical team to explore the risks and benefits of CBDCs., models for issuance and management and whether it could be token-based or account-based.
, while there were another six who have moved away from digital currencies due to structural and technological challenges in the implementation phase. A key area being looked at by the team is also the risks and controls associated with the issuance, distribution, counterfeiting and usage of currencies.
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