The Zimbabwean government has asked for public input from stakeholders as it tries to develop regulations for the use of cryptocurrency in the country. According to a Bloomberg report, the government announced on Wednesday, June 12, that all cryptocurrency service providers, both domestic and international, offering services to Zimbabwean customers ...
The Reserve Bank of Zimbabwe (RBZ) has announced that it is finalizing its plans to introduce Gold-Backed Digital Tokens for everyday transactions. In his presentation of the Mid-Term Monetary Policy Statement (MPS) on August 9, 2023, John Panonesta Mangudya, RBZ's Governor, disclosed the Reserve Bank is now at "an advanced ...
Zimbabwe's central bank has defied warnings from the International Monetary Fund (IMF) and issued digital tokens backed by gold worth $39 million. This decision comes as the country grapples with high inflation and volatile currency fluctuations. The tokens were launched in April and made available for purchase from May 8 ...
Zimbabwe is set to offer its gold-backed digital currency for investors at a minimum price of $10 for individual buyers and $5,000 for businesses and other entities. The offer will be available for a limited time from May 8, 2023, to May 10, 2023. The Reserve Bank of Zimbabwe announced ...
