News
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.
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Zimbabwe News
The Republic of Zimbabwe is a South African country with a population of 16 million people. Zimbabwe suffers from racial and ethnic conflicts, dictatorship and poor education. The Zimbabwean economy provides a very low gross domestic product per capita and has one of the highest Gini coefficients in the world. Zimbabwean latest news has to do with the house arrest of Robert Mugabe – Prime Minister of Zimbabwe since 1980. The Zimbabwean economy is built on exports of minerals, gold and agricultural products, such as tobacco and cotton. Zimbabwe is poorly developed in technology and has issued no laws about cryptocurrency and blockchain. Bitcoin is legal in Zimbabwe but has no official permission for use. Zimbabwean authorities are skeptical about Bitcoin and may change the legal framework for it. However, the difficult political and economic situation keeps Zimbabwe’s government concentrated on other problems.
- News
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.
3317 - News
The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a success.
18465 - News
Zimbabwe’s central bank plans to sell gold-backed digital tokens at $10 for individuals and $5,000 for corporations.
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The Reserve Bank of Zimbabwe plans to introduce a gold-backed digital currency as legal tender in a bid to stabilize its local currency.
18565 - Interview
A 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.
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Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
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Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks.
23079 - Analysis
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.
12361 - Overview
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
3912 - News
Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency.
6028 - Analysis
Health care, identity management and renewable energy are some of the non-financial blockchain use-cases gaining popularity in Africa.
3473 - Analysis
The Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency.
15235 - News
The Reserve Bank of Zimbabwe is reportedly working on a regulatory sandbox that would help fintech and crypto companies operate in the country freely.
5312 - Analysis
Flying under the radar, Turkey is becoming one of the leading adopters of crypto in the world.
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