🌍 Ethiopia's National Bank (NBE) is cooking up some spicy economic reform! 🌶️ They're drafting two proclamations, one of which includes a legal framework for a central bank digital currency (CBDC). NBE's also planning to beef up its capital and protect consumers.

The proclamations are part of a homegrown economic reform agenda, and the government has shown interest in a CBDC since April. Ethiopia's already got a taste for blockchain, using it for large government payments.

Crypto adoption in Africa has been a mixed bag, but Ethiopia's making strides despite digital currencies remaining illegal. They're mining crypto thanks to cheap electricity and are planning to introduce the Web3 Fuse payment system.

What do you think, folks? Will Ethiopia's CBDC be a hot hit or a mild miss? Let us know in the comments! 🔥💬