Home arrow Article arrow Article Detail

After El Salvador and Tanzania crypto adoption, Tunisia Economy Minister to decriminalize buying bitcoin

Profile Image

Shivangi Mujumdar Follow


Jun, 15 2021

Jun, 15 2021

likes | comments 0

Article Image

Tunisia’s minister of economy has said over the weekend that he wants to change the law about cryptocurrencies. It judges people for mining cryptos and using them as payment. The country is working on changing its rules and regulations around cryptocurrencies and plans to decriminalize owning Bitcoin and crypto. The minister of economy said, “I will change the law, we cannot put a Tunisian young man in prison for buying Bitcoin.” 


Previously in 2020, Marouane Abassi, Governor of the Central Bank of Tunisia, stated that “we must follow” Bitcoin and the technology and arrange for effective monitoring of its use cases. 


Before 2020, Tunisia, along with Afghanistan, was observed to issue bitcoin-based bonds to benefit to save their ravaged economies. At the moment, Marouane stated that the country had shaped a special group to discover functionalities of a sovereign Bitcoin bond and that crypto and blockchain offers. 


In 2019, Tunisia became the first African country to move its national currency to a blockchain. 


Tunisia is presently in discussion with the International Monetary Fund (IMF) concerning a new program. It focused on the size of the loan as talks remain on reforms for the country’s troubled economy. 


?“eDinar” can be used to make currency transfers, pay for utility bills, and accomplish official government identification documents. It is also accessible to transfer between citizens at shops, cafes, and restaurants amidst the central bank’s plans. It will incorporate it in cross-border payments and circumvent the necessity for US dollars. 


It is debating phasing out support as Tunisia is since the gradual removal of subsidies on food, electricity, and natural gas by 2024. At present, the country may take some constructive steps for cryptocurrencies as more and more countries announce their support for crypto. 


El Salvador is one such crypto-friendly country that is all set to make Bitcoin legal tender and use volcanic geothermal energy to source the cryptocurrency. However, think tank Lobby New Zealand has sent a memo to Prime Minister Jacinda Ardern where he enquired about the New Zealand Government to identify Bitcoin as a foreign currency in eighty-six days. After Bitcoin has become legal tender in El Salvador. 

Related articles-

El Salvador becomes the first country to adopt bitcoin as legal tender

Related articles- After El Salvador, Tanzanian President orders its central bank to prepare for crypto ? 

likes | comments 0

Profile Image

Shivangi Mujumdar

CBW - External Analyst


Data Centre Construction - World First artificial intelligence AI-Tech Utility Token
Robinhood Delists Cardano, Polygon and Solana Following SEC Labeling Them As Securities

Following this week's accusations filed by the US Securities and Exchange Commission against two significant cryptocurrency exchanges, the brokerage business Robinhood has chosen to delist few firms;

Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.