The giant African continent is the world’s region with the least developed banking sector and the most underbanked population. It, therefore, comes as no surprise to see the growing interest in Bitcoin and other cryptocurrencies.

The major challenge to the adoption of cryptocurrencies in Africa is the lack of knowledge of these digital currencies. The situation is, however, changing very fast due to social networks such as Facebook and Whatsapp.

More and more people are embracing Bitcoin in many Sub-Saharan African countries. Tanzania is one of the leading countries in the adoption of Bitcoin, which ha has attracted the attention of the country’s central bank.

The governor of the Bank of Tanzania, in his comments to the Guardian newspaper is advising citizens to be aware of the risks associated with digital currencies. Of course, there are many cryptocurrency scammers out there. But the governor knows that bad boys will always sneak in with counterfeit stuff, whenever there is a good thing.

The issue at hand is not really about them caring for the citizens. It is just that they are scared of losing control over money operations and they have no idea on how to handle the spread of decentralized digital currencies.