Bitcoin Not A Solution To Africa’s Economic Problems
Apr 29, 2022 ·
48s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
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...
show more
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.
show less
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 |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company
