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.
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin.
Zimbabwe minister signals CBDC interest amid Bitcoin adoption rumors
Zimbabwe is currently engaged in consultations regarding growing interest in crypto and the potential risks.
Zimbabwe may be the next country to embrace Bitcoin as legal tender
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.
Can blockchain make a difference? Africa sees vast monetary potential
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
Exploring the landscape of crypto regulations in sub-Saharan Africa
Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency.
Inflation-Busting Cryptocurrency Zimbocash Receives Listing on Bithumb
Health care, identity management and renewable energy are some of the non-financial blockchain use-cases gaining popularity in Africa.
Africa Using Blockchain to Drive Change, Part Two: Southern Solutions
The Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency.
Zimbabwe U-Turns on Crypto, Looking to Stabilize Local Economy