Analysis
As access to crypto spreads across Africa, blockchain could be crucial in improving cross-border payments and settlement systems.
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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.
- Overview
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.
3346 - News
Zimbabwe’s Zimbocash project got closer to its goal of providing a sound-money alternative to the hyperinflation of the local currency.
5728 - Analysis
Health care, identity management and renewable energy are some of the non-financial blockchain use-cases gaining popularity in Africa.
3106 - Analysis
The Reserve Bank of Zimbabwe proposed a crypto regulatory sandbox amid plans to launch a gold-backed digital currency.
14852 - 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.
4961 - Analysis
Flying under the radar, Turkey is becoming one of the leading adopters of crypto in the world.
13636 - News
CEO of the Zimbabwean Golix cryptocurrency exchange claims to have lost the password to a cold wallet containing 33 Bitcoins.
53595 - News
Since Zimbabwe’s central bank banned crypto services in 2018, Bitcoin has continued to rise amid new ban on foreign currencies.
7958 - News
Zimbabwean and South African bitcoin traders are facing a major surcharge on the coin.
21555 - News
The decentralized exchange developed by Binance warns that it will block website access from 29 countries.
31716 - News
A Zimbabwe Stock Exchange (ZSE) executive said that blockchain technology is very good, but the exchange needs regulatory clarity.
4507 - News
Mainstream newspaper Time published an article illustrating the liberating potential of Bitcoin, especially in countries with oppressive governments.
13239 - News
Zimbabwe should adopt a Swiss-style approach to cryptocurrency regulation, its new finance minister has said.
16695 - Analysis
Inflation is driving these nations to crypto, but there won’t be hyperbitcoinization as long as reserve currencies remain strong.
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