The economy of Zimbabwe is going through a tectonic shift as the country is witnessing a drastic change again in less than 11 years. The currency of Zimbabwe declined in 2008 due to hyperinflation. The people started to use South African Rand and US dollar instead. Reportedly, in 2008 a loaf of bread cost trillions
After enduring through hyperinflation and economic crisis in 2008, Zimbabwe is yet again facing the fear of another round of hyperinflation as people ration basic necessities like bottled water and even beers. The new finance minister, Mthuli Ncube stated the country is in middle-economy now who was also the one encouraging the apex banks to
Apart from Bitcoin price, its awareness and adoption are surging as well. In countries like Palestine, Zimbabwe, Russia, and others, people are actively involved. Meanwhile, government authorities are also showing positive sides. Palestine & Zimbabwe finds the savior in Bitcoin & cryptos Price is not the only aspect in the market that is seeing action.
A new study reveals a bright future for the Bitcoin and crypto ATMs in the coming five years as it is expected to rise over 8 times. Meanwhile, Russian authorities crack down on 22 Bitcoin ATMs of BBFpro on an ongoing investigation and Zimbabwe’s machine gets dried up of all the cash. Bitcoin ATM market
Zimbabwe pioneer institution for currencies, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has favored the central bank’s decision to ban cryptocurrency transactions. It has also accused a local dealer of some illegal activities such as exposing the country, money-laundering, evasion of foreign currency exchange controls and violation terrorism financing. Golix fitting the battle Golix,
Zimbabwe’s Harare High Court suspended the ban imposed by the Reserve Bank of Zimbabwe on cryptocurrency trading as the central bank fails to show up. Last week, RBZ issued the crypto ban directive while ordering the country’s largest crypto exchange, Golix to cease its operations for which the exchange dragged RBZ to court. Zimbabwe high
The Reserve Bank of Zimbabwe has issued a directive to the largest crypto exchange of the country, Golix exchange to cease all its operations, in whose response the exchange has taken the bank to the High court. In the past few months, similar incidents have happened in Chile and India. Golix exchange ordered to
After India and Iran, the latest central bank to bank crypto trading is the Reserve Bank of Zimbabwe which has given 2 months to comply with the new directives. Reserve bank of Zimbabwe bans all crypto activities The Reserve Bank of Zimbabwe has banned all the domestic financial institutions from dealing with cryptocurrencies by issuing