Zimbabwe Seeks Public Input on Crypto Framework
Zimbabwe seeks public input on cryptocurrency regulations to develop a policy framework, inviting feedback from domestic and international service providers by June 26. Bloomberg cites a government statement published in a state-run newspaper as Zimbabwe has requested public feedback on crypto operations as it develops a policy framework for the sector’s growth. By June 26, […]
Zimbabwe Bets on Gold-backed Digital Currency to Beat Inflation
The Reserve Bank of Zimbabwe plans to launch a digital currency backed by the country’s gold reserves and used as legal tender. The move aims to stabilize the Zim dollar, which has been losing value against the U.S. dollar. RBZ hopes people can exchange their Zim dollars for gold-backed tokens to protect their savings from […]
Cryptocurrencies cannot be ignored at this time – Zimbabwe Finance Minister
The Zimbabwe Finance Minister, Mthuli Ncube suggests treating cryptocurrency as a type of investment rather than a currency. In 2021, the cryptocurrency industry became mainstream, drawing not only institutional investors and millionaires, but also governments. First, El Salvador made history by making Bitcoin legal tender, setting off a chain reaction that saw countries like Paraguay, […]