Tagged: zimbabwe

Zimbabwe Finance Minister May Push Central Bank to Establish National Cryptocurrency

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Zimbabwe’s new Finance Minister, Mthuli Ncube, has urged central bankers in his inflation-plagued country to reconsider their cautious stance against cryptocurrencies, and says he may push the establishment of a national cryptocurrency for Zimbabwe, ITWebAfrica reports. The country should also should be more forward looking,… Read More

A Zimbabwe Court Struck Down a Crypto Ban Last Week- Trading Yet to Resume

  Cryptocurrency trading in economically beleaguered Zimbabwe has failed to resume despite a high court ruling striking down a ban imposed by the central bank on financial institutions prohibiting them from servicing cryptocurrency exchanges, CCN reports. CCN reported on May 24th that the Harare High… Read More

Zimbabwe’s Central Bank Bans Cryptocurrencies- 60 Days to Comply

The Reserve Bank of Zimbabwe has ordered all financial institutions in the country to cease trading, holding and transacting cryptocurrencies and to, “exit any existing relationships with virtual currency exchanges within sixty days.” According to Quartz Africa, Zimbabweans have been using Bitcoin and other cryptocurrencies… Read More

Be Careful What You Wish for, Bitcoin Lovers: It May Come True. Bitcoin’s Acceptance on Futures Trading Markets Gave it the Respectability Investors Craved, but Might Cause its Downfall

Cryptocurrencies are fast swapping their shady past for respectability. But investors pushing hard for regulated trading and adoption by Amazon may be destroying the reason for Bitcoin’s existence. Last December, Bitcoin climbed above $18,000, and finally launched on the CME futures exchange. There was little… Read More

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