The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two fintech startups had been admitted into the central bank’s fintech regulatory sandbox.
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Nearly six months Read More
Like most of the world’s, Zimbabwe ’s economy is in shambles. Is a gold coin the solution, though? It might just be. The country’s central bank announced “the “Mosi-oa-tunya” coin, named after Victoria falls.” It’s Zimbabwe’s response to a dire situation. According to Reuters, “annual inflation, which hit almost 192% Read More
And there are other virtuous elements in this circle, such as the hardening of energy security, reliability and access in these emerging markets, said Cambridge. The Zimbabwe project has a battery storage element in case of any vagaries relating to the national grid, while South Africa, where many of the Read More
The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers.
Zimbabwe’s Stance on Crypto
The Zimbabwean government recently said it had entered into an agreement with the British Virgin Islands-based Daedalus World Limited wherein the Read More
Zimbabwe has been paying attention to the increasing demand for crypto among its people, which it views as a possible avenue for growth. The country has also been receptive to regulating the entire sector.Zimbabwe’s government is considering utilizing Bitcoin (BTC) as a legal payments option to meet this growing demand Read More
Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies.
Zimbabwe Ready to Make Concessions on Cryptos
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Zimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive comments about cryptocurrencies do not necessarily mean monetary authorities are about to remove restrictions that were imposed in 2018.
The Case for Blockchain
Instead, the experts claim the remarks show that the government is only interested in aspects of blockchain Read More
The Reserve Bank of Zimbabwe, the country’s central bank, is considering a regulatory sandbox for crypto companies in an apparent change from its previous anti-cryptocurrency stance. The proposed sandbox is reportedly part of a broader agenda by authorities in Zimbabwe to revamp the nation’s financial sector, which has seen Read More
According to a video published by VoaZimbabwe on July 18, 2019, Zimbabwe citizens are using bitcoin as a decentralized store of value to shelter from the reckless monetary policy adopted by the government.
Zimbabwe’s Monetary Policy
Following the controversial decision of banning local trading in foreign currencies, including the US dollar, Read More