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Category: Bank of Zambia
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Zambia Testing Technology to Regulate Cryptocurrency — Government Minister
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IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency
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Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt decision, which sent shockwaves across Zambian financial markets, saw the country’s currency, the Kwacha […]
The post Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor appeared first on Bitcoin News.
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Zambia Launches Crackdown on Crypto Companies
The Bank of Zambia has started to clamp down on cryptocurrency-related businesses, mere days after declaring that it does not view digital coins such as BTC as legal tender. The crackdown began on Oct. 14, when the central bank announced an investigation into Heritagecoin Resources Ltd. for allegedly laundering money, according to local media reports. […]
The post Zambia Launches Crackdown on Crypto Companies appeared first on Bitcoin News.
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Zambian Central Bank Declares Bitcoin Is Not Legal Tender
The Zambian central bank said on Oct. 12 that cryptocurrencies like bitcoin core and bitcoin cash aren’t legal tender, cautioning that those transacting in such will have no one to blame in the event of market failure. It appears that the bank issued the decree because, as a traditional issuer of the depreciating local fiat […]
The post Zambian Central Bank Declares Bitcoin Is Not Legal Tender appeared first on Bitcoin News.
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