Wewe Tahira wa CCM
Haya ni maelezo ya BoT, hata mimi naweza kuwa wakili wa Mange kwa hoja yako
"The Bank of Tanzania (BoT) is in the process of developing regulations to govern digital financial platforms, aiming to strengthen oversight amid rising public complaints.
BoT Senior Legal Officer, Ramadhani Myonga, told participants at an economic and finance media seminar yesterday that while no formal regulations currently exist, the central bank has engaged with Google to ensure that digital financial platforms operating in Tanzania obtain a letter of no objection from the BoT before launching their services.
“We do not regulate Google, which operates under a separate mandate, and most digital financial platforms begin operating through arrangements with Google,” he explained.
He added that the engagement with Google is informal and not legally binding, as the company is independent and has no legal obligation under Tanzanian law. “The first step we took was to send an official letter to Google instructing them not to allow digital financial platforms to operate in Tanzania without authorisation from the BoT,” he said.
Myonga said that all licensed loan providers in Tanzania are listed on the BoT website.
Despite widespread public complaints about unregulated digital financial services, Myonga noted that the BoT currently lacks jurisdiction over unregistered entities. Misconduct by such platforms is handled by national law enforcement agencies. “When complaints arise, we advise the relevant authorities that the entity is unregulated and should be dealt with according to the law,” he said."