🇪🇹 Ethiopia's National Bank (NBE) is cooking up a spicy dish of economic reform, and it smells like digital currency! The bank has whipped up two proclamations, one of which lays the groundwork for a central bank digital currency (CBDC). The Council of Ministers has given the thumbs up, and the House of Representatives is next in line for a taste.

The NBE's recipe includes a dash of consumer protection, a sprinkle of increased capital, and a generous helping of foreign investment liberalization. They're also setting the table for innovative financial solutions with a regulatory sandbox.

While digital currencies are still a no-no in Ethiopia, the country is no stranger to blockchain, using it for big government payments. With 18 African nations researching CBDCs, Ethiopia could soon join the digital currency banquet. Bon appétit, Ethiopia! 🍽️