An official with the Zimbabwean government recently confirmed the country’s administration is currently gathering views about cryptocurrencies from knowledgeable persons. Government’s Lingering Concerns Charles Wekwete, who is the head of the e-government unit, suggested that the country will only adopt a formal position on cryptocurrencies once the consultation process is complete. According to a Sunday […]Powered by WPeMatico
The Zimbabwean currency’s collapse in 2008 and record hyperinflation are widely seen as textbook examples of what can go wrong with a centralized currency. For instance, some cryptocurrency enthusiasts — as well as opponents of the fiat currency system in general — have routinely pointed to the Zimdollar’s collapse when arguing for an alternative monetary […]