Ethiopia takes first step toward central bank digital currency (CBDC) amid economic Reforms.

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Ethiopia takes first step toward central bank digital currency (CBDC) amid economic Reforms.

By Regtech Africa

Ethiopia’s cabinet has approved a legal framework for CBDC, at the same time as the government is pursuing policies to make the country a global bitcoin mining destination. The draft law, which is part of wider economic reforms, will now be reviewed in the lower chamber of parliament.

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