According to Bloomberg News, the Central Bank of Tanzania stated that it is introducing digital currency in a phased, prudent and risk-based manner. The appropriate use and technology of shillings, the bank did not give a timetable for when it would complete its deliberations or expect to launch them. Its researchers are exploring the issuance of different forms of CBDC, including tokenized and account-based digital currencies. It is also studying the risks and controls associated with the issuance, distribution, counterfeiting and use of digital currencies. the