Recommendation: Much remains to be done to get Tanzanians to understand the risks of the cryptocurrency market.

On December 25, a blockchain expert said that Tanzanians are accepting cryptocurrencies, but there is much that can be done to reduce the number of fraudulent transactions in the industry. Blockchain proponents in Tanzania have done a lot to popularize the technology, including presentations and investment commitments. This effort was also supported by President Samia Suluhu Hasan for Technology. However, more measures are needed to educate Tanzanians about the dangers of the cryptocurrency market, according to Sandra Chogo, a Tanzanian blockchain expert. He also said that publishing legal information on cryptocurrencies would help reduce the number of cryptocurrencies in this country and others. (Bitcoin.com)