The Reserve Bank of Zimbabwe first introduced its new project in April, with each issued digital token backed by a physical amount of gold held in the bank’s reserves.
Zimbabwe News
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Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation.
3435The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
18705Zimbabwe’s central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporations.
9885The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.
18662A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic.
9881Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
6632Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks.
23141As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.
12382Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
3948Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency.
6045Health care, identity management and renewable energy are some of the non-financial blockchain use-cases gaining popularity in Africa.
3490The Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency.
15252The Reserve Bank of Zimbabwe is reportedly working on a regulatory sandbox that would help fintech and crypto companies operate in the country freely.
5337Flying under the radar, Turkey is becoming one of the leading adopters of crypto in the world.
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