Bitcoin Not A Solution To Africa’s Economic Problems
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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...
show moreThe 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 | - |
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