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Government Official Says Zimbabwe Currently Gathering Views on Cryptocurrencies

Government Official Says Zimbabwe Currently Gathering Views on CryptocurrenciesAn 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 […]

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Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister

Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance MinisterZimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies. Ncube said this after revealing that some 30% of the country’s youth are now invested in cryptocurrencies. Zimbabwe Ready to Make Concessions on Cryptos According to a report by the Herald, Ncube […]

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Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet

Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just YetZimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive comments about cryptocurrencies do not necessarily mean monetary authorities are about to remove restrictions that were imposed in 2018. The Case for Blockchain Instead, the experts claim the remarks show that the government is only interested in aspects of blockchain technology that are […]

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New Crypto Aims to Solve ‘Zimbabwe’s Money Problems Using Blockchain Technology’

New Crypto Aims to Solve ‘Zimbabwe’s Money Problems Using Blockchain Technology’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 […]

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Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’

Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based solutions to lower the cost of remitting funds across borders. Understanding Cryptocurrencies Prior to […]

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