Category: foreign exchange act

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Tanzanian Central Bank Says Forex Restrictions Intended to ‘Safeguard the Stability of the Financial System’

June 3, 2023

The Tanzanian central bank said on May 31 that foreign currency dealers are required to trade all transactions that exceed $1,000,000 within “interbank foreign exchange market prevailing quoted prices.” According to the Bank of Tanzania, the latest directives are intended to “foster macroeconomic stability and safeguard the stability of the financial system.” Forex Dealers Must…
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Legal Experts Say It’s Too Late to Ban Crypto, India Needs Comprehensive Regulation

December 29, 2021

Indian legal experts reportedly say that it is too late to ban cryptocurrency despite calls for a complete crypto ban by the central bank, the Reserve Bank of India (RBI). The Swadeshi Jagran Manch (SJM), an affiliate of the nationalist Rashtriya Swayamsevak Sangh, also passed a resolution calling for an outright ban on crypto. Meanwhile,…
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