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Zimbabwe

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens
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20 May, 2023

Zimbabwe defies IMF, sells $40 million worth of gold-backed digital tokens

Zimbabwe’s tokens are backed by 140 kilograms of gold, the central bank says, revealing it’s preparing for a second round...
Zimbabwe’s central bank launches gold-backed digital currency
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12 May, 2023

Zimbabwe’s central bank launches gold-backed digital currency

The core feature of Zimbabwe's new gold-backed tokens is its fractionalization, allowing individual investors to buy tokens for as low...
Digital asset adoption, CBDC efforts, new laws and more: Africa’s 2022 in review
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4 January, 2023

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...
Zimbabwe central bank invites public comments on CBDC
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18 August, 2022

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...
2021 year in review: Bitcoin comes of age in Africa
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31 December, 2021

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...
Zimbabwe weighing BTC as legal tender—here’s why it shouldn’t
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12 November, 2021

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...
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