Powered by WPeMatico
Category: Reserve Bank of Zimbabwe
Auto Added by WPeMatico
Nigeria Stopping the Rejection of Old or Torn USD Notes Underlines Why Crypto Is a Better Reserve Currency
Powered by WPeMatico
Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’
Zimbabwe Stock Exchange (ZSE) CEO Justin Bgoni says its recently licensed subsidiary, the Victoria Falls Stock Exchange is open to listing bitcoin and other cryptocurrencies. However, according to local media reports, any such listings are still dependent on the digital asset issuers getting “regulatory approval.” The report does not provide any details of requirements that […]
The post Zimbabwe’s Stock Exchange Open to Crypto Listing Subject to ‘Regulatory Approval’ appeared first on Bitcoin News.
Powered by WPeMatico
Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading
Zimbabwe’s Mobile Money Operators (MMO) say they will comply with the latest directive by the central bank to shutdown mobile money agents. In addition, the MMOs will also limit mobile money transactions to $50 (Zwl $5,000) per day while users are now restricted to one mobile money account per person. The directive went into effect […]
The post Zimbabwe’s Mobile Money on Life Support as Central Bank Tightens Screws: Restrictions to Affect P2P Bitcoin Trading appeared first on Bitcoin News.
Powered by WPeMatico
Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe Suspends Mobile Money Service Owned by banks, Zimswitch is the current payments […]
The post Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile appeared first on Bitcoin News.
Powered by WPeMatico
Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash
Zimbabwe is once again showing the need to take away from politicians the power to control normal people’s money. The government there is now trying to cope with the results of mismanaging the economy by preventing citizens from using their fiat currency as they see fit. Also Read: Bittrex, Coinbase and Kraken Set up Crypto […]
The post Zimbabwe Bans Popular Mobile Money Services From Paying out Fiat Cash appeared first on Bitcoin News.
Powered by WPeMatico
‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders
P2P bitcoin trade is surging in Zimbabwe via mobile exchange platforms like Ecocash, despite recent government efforts to curb the use of competing currencies locally. As of June 24, the reinstated Zimbabwe dollar (formerly RTGS dollar) is now the only recognized currency in the economically embattled southern African country. Finance minister Mthuli Ncube sees the […]
The post ‘Zimdollar’ Reboot: Bitcoin Fills Liquidity Gaps as New Zimbabwe Currency Flounders appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Trading Flourishes on Whatsapp Following African Exchange Closures
Governments in Africa simply cannot stop an idea whose time has come. In Zimbabwe, financial regulators banned cryptocurrency trading, and shut down two exchanges, thinking to have killed the ecosystem, only for Bitcoin to find a new life on Whatsapp. Kenyan authorities have sounded tough on virtual currency, warning banks and individuals against trading such, […]
The post Bitcoin Trading Flourishes on Whatsapp Following African Exchange Closures appeared first on Bitcoin News.
Powered by WPeMatico
Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments
A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]
The post Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments appeared first on Bitcoin News.
Powered by WPeMatico
Faced With Cash And Forex Shortages, Zimbabweans Turn To Bitcoin – Even When It’s Banned
Cryptocurrency may be banned in Zimbabwe, but bitcoin is helping ordinary folk make payments bank-free. It makes for a great fit for the more than 10 million Zimbabweans who lack access to basic banking services. And it’s even more beneficial to the banked few, a distrusting lot, keen to protect their savings against bank failure, […]
The post Faced With Cash And Forex Shortages, Zimbabweans Turn To Bitcoin – Even When It’s Banned appeared first on Bitcoin News.
Powered by WPeMatico