CandleFocus Ethiopia Signals Potential Shift on Cryptocurrency Stance
2024-12-23
Author: Content Editor
The governor of the National Bank of Ethiopia has hinted at the possibility of the country issuing guidelines for the use of cryptocurrency, suggesting a potential change in the current ban on digital currencies. The bank is monitoring global developments in central banking and may consider allowing cryptocurrency if other countries legalize it. This announcement comes as the Ethiopian Parliament approves amendments to allow foreign banks to operate in the country.
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