Felix Mutati said Zambia must focus on building a digital infrastructure including digital identities before introducing cryptocurrencies. regulation
Zambia to Complete Testing Real-Life Crypto Usage Simulations by June — Government Minister
Zambia is set to complete real-life crypto usage simulations by the end of June, Felix Mutati, the country’s science and technology minister has said. The Zambian minister said his country is seeking a balance between innovation and consumer protection.According to the Zambian minister of science and technology, Felix Mutati, his country is set to complete tests which simulate real-life cryptocurrency usage by the end of June.
The latest remarks by Mutati came nearly two months after he first revealed that Zambia was testing technology to regulate cryptocurrencies. Asby Bitcoin.com News in February, Mutati also lauded cryptocurrency, which he describes as a technology that encapsulates a future that Zambia desires. Nevertheless, despite being the embodiment of a future that Zambia craves, crypto still poses risks to users. According to Mutati, the Zambian government’s task now is to put in place regulations that have the right balance.
“Our main goal in the area of cryptocurrency is to strike a balance between innovation in terms of digital payments … [and] citizens’ safety, particularly given that cryptocurrency is very volatile. The central bank is simulating that to see what would happen in the real world.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Mike Novogratz Doesn't Want Bitcoin (BTC) to Hit $1 Million. Here's WhyProminent cryptocurrency investor and Galaxy Digital founder Mike Novogratz has criticized Balaji Srinivasan's recent prediction
Weiterlesen »
Man Uses Midjourney and ChatGPT to Resurrect His Dead GrandmotherThe man says it's psychologically comforting.
Weiterlesen »
Nike’s multi-million dollar crypto push is hereNike's web3 platform is launching its first drop of digital sneakers.
Weiterlesen »
Select how Vogue Club communicates with you.VogueClub's MetGala livestream watch party returns on May 1! Limited tickets are available, sign up here:
Weiterlesen »
Editorial: Marina Alderete Gavito is a natural leader to represent District 7The former executive director of SA Digital Connects would bring expertise and attention to the persistent digital divide in San Antonio.
Weiterlesen »
The Fort Worth Museum of Science and History’s Omni IMAX theater has a new nameAn upgraded digital screen and larger theater lobby are also on the way.
Weiterlesen »