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The Golix bitcoin ATM took on obvious importance when it was first introduced in the Zimbabwean capital Harare, early April. In a country without a currency of its own, where conventional automated teller machines (ATMs) have become useless due to a severe cash crisis, the bitcoin machine was seen as the new gateway to faster […]
The post As Zimbabweans Struggle For Cash, Even The Country’s Only Bitcoin ATM Has Run Dry appeared first on Bitcoin News.
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The Reserve Bank of Zimbabwe has started studying distributed ledger technology in order to deploy it in the bank’s business practices
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The governor of the Reserve Bank of Zimbabwe has made several statements about cryptocurrencies that attest to insufficient knowledge of the matter. The central bank, which recently banned financial institutions from working with crypto companies, now wants to study and embrace the blockchain technology that “encompasses all the cryptocurrencies.” Also read: Zimbabwe’s Golix Exchange […]
The post Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain appeared first on Bitcoin News.
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The different prices of bitcoin and other cryptocurrencies between countries and exchanges have led investors to seek arbitrage opportunities, a trend noticed by financial regulators around the world. Discussions are underway at the Japanese Financial Services Agency on restricting leverage. Also read: This Village Decided to Launch Japan’s First Municipal ICO Value of Bitcoin up 10% After […]
The post With No One Price Law for Bitcoin, Japan’s FSA Debates Restrictions on Leverage appeared first on Bitcoin News.
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Crypto exchange Golix is entering three other African markets in an effort to survive the ban imposed by the central bank in its home country – Zimbabwe. Moreover, the troubled trading platform claims the move is part of a strategy to offer its services across the whole continent. Golix says the shortage of infrastructure has […]
The post Zimbabwe’s Golix Exchange Enters Kenya, Uganda, South Africa appeared first on Bitcoin News.
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Despite reports of the Zimbabwe High Court’s reversal of the Reserve Bank of Zimbabwe’s (RBZ) recently issued cryptocurrency ban, the country’s leading bitcoin exchange, Golix, is yet to restore trading on its platform. In an email recently sent to customers of the exchange, Golix sought to clarify that it has been granted “an interim relief,” […]
The post Zimbabwe Exchange Granted “Interim Relief,” Ban Appeal Still Ongoing appeared first on Bitcoin News.
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On May 13 2018, the Reserve Bank Of Zimbabwe (RBZ) issued guidelines in a circular that detailed cryptocurrency activities taking place within the country are now banned. The RBZ further stated that domestic digital currency operations had sixty days to become compliant. Local reports now reveal the Zimbabwe-based cryptocurrency exchange Golix plans to take the […]
The post Golix Exchange Files Lawsuit Against Reserve Bank of Zimbabwe’s Cryptocurrency Ban appeared first on Bitcoin News.
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A new crypto teller machine is now operational in South Africa’s largest city, Johannesburg. The ATM, which supports several digital coins, has been installed at a supermarket in the north-western part of the city’s metro area. It is the latest addition to a growing number of terminals offering automated crypto-fiat exchange services in the country […]
The post Johannesburg Gets a New Crypto ATM, Ban Threatened Harare May Lose One appeared first on Bitcoin News.
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Zimbabwe’s central bank issued Circular to Banking Institutions No. 2/2018: Virtual Currencies, effectively banning all crypto activity in the African nation. Businesses dealing in decentralized currencies have 60 days to comply. Also read: India’s Supreme Court Keeps Ban on Banks’ Crypto Services, For Now Zimbabwe Bans Crypto Issued 11 May, the Reserve Bank of Zimbabwe, […]
The post Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period appeared first on Bitcoin News.
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