Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review
Morocco lifted the ban on digital assets, Kenya is now taxing Bitcoin, Nigeria drafted its first law recognizing Bitcoin, Zambia delved into CBDCs and more.
Latest Zimbabwe News
Zimbabwe central bank invites public comments on CBDC
The CBDC is one of the measures the central bank is looking to utilize in tightening monetary policy to "sustainably anchor inflation and exchange rate expectations."
2021 year in review: Bitcoin comes of age in Africa
2021 had it all in Africa for digital currencies—adoption soared by 1,200% as Kenya led global P2P trades, but there was the bad as well, like a $3.8B scam.
Zimbabwe weighing BTC as legal tender—here’s why it shouldn’t
The Zimbabwe government is reportedly in consultation with the private sector on possibly making BTC legal tender like in El Salvador, but this would be a mistake.
Zimbabwe finance minister sees potential for lower ‘diaspora remittances’ via blockchain
In his recent tweet about the DMCC Crypto Centre in Dubai, Zimbabwe Finance Minister Mthuli Ncube commended the potential of lowering remittance fees via decentralized finance.
Zimbabwe finance minister calls for digital currency adoption in remittances
The minister was inspired by solutions being developed at the DMCC Crypto Valley in Dubai and believes that digital currencies could change remittances.
Zimbabwe central bank halts mobile money transactions
Mobile money operators are taking advantage of financial instability to overcharge users, according to the Reserve Bank of Zimbabwe.
Zimbabwe to establish a digital currency sandbox as it shifts tough stance
Zimbabwe’s central bank is to introduce a regulatory sandbox for digital currency companies as the regulator changes its tough stance on digital currencies.
Golix CEO ‘loses’ private keys to crypto exchange wallet
The CEO admitted to losing the keys, but says 99% of the users have received their money.
Zimbabwe introduces new currency, but here’s why it won’t help
Zimbabwe’s yet-to-be-named currency targets the liquidity shortages in the Southern African country, giving the central bank monetary policy control after years of using foreign currencies.
Zimbabwe central bank shuts down mobile cash. Time for Bitcoin?
Zimbabwe recently banned mobile cash payments, stating that they are being used to facilitate illegal activities. It’s time for the real Bitcoin.
Zimbabwe’s failing currency leads citizens to seek solace in crypto
With several foreign currencies banned by the government, cryptocurrency is providing a safe haven against inflation.