Zimbabwe News » Harare News Zimbabwe » Harare » Cryptocurrencies: Zimbabwe bans banks from processing payments for cryptocurrencies
HARARE (Reuters) - Zimbabwe's central bank has stopped local banks from trading or processing payments linked to cryptocurrencies like bitcoin, its governor said on Monday, but stopped short of ...
News Zimbabwe » Harare » Cryptocurrencies: Facing rocketing inflation, Zimbabweans turn to bitcoin
Bitcoin surged globally to a record high of $7,888 last week. But on Harare's bitcoin exchange, Golix, the price hit $13,900, a spectuacular 40-fold jump in the same period.
News Zimbabwe » Harare » Cryptocurrencies: To Minimize Volatility, Zimbabwe Introduces Gold-Backed Crypto
Emerging market countries have seen the volatility of their local currency fluctuate amid rising interest rates and inflation. The country of Zimbabwe is hoping to alleviate the volatility with the ...
News Zimbabwe » Harare » Cryptocurrencies: Zimbabwe: Is a central bank digital currency feasible?
In 2018, Finance Minister Mthuli Ncube banned banking institutions and other financial firms from trading in cryptocurrencies, which was a huge blow to digital currencies fast gaining ground in the ...
News Zimbabwe » Harare » Cryptocurrencies: Zimbabwe launching a gold-backed digital currency
Zimbabwe will launch a digital currency next month by introducing "tokens" that are backed by gold reserves and can be transferred between people and businesses as a form of payment, the country's ...