Zimbabwe Mulls Making Crypto Legal Tender

2021-11-9 22:00

The government of Zimbabwe is nursing serious plans to make bitcoin (BTC) a legal tender. Per a report on November 7, 2021, by local news publication, Bulawayo 24 News, Zimbabwean authorities are now in talks with various stakeholders to find out the potential benefits of cryptocurrencies to the nation’s economy. Zimbabwe Eyes Bitcoin Adoption AsRead More

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Источник: btcmanager.com

zimbabwe bitcoin → Результатов: 59

Proof Of Resilience — Zimbabwe Can Use Bitcoin To Change Its Future

Zimbabwe, currently faced with incredible inflation and tough sanctions, could massively benefit from increased adoption of the open network of Bitcoin.

2022-7-6 05:00
zimbabwe bitcoin massively benefit sanctions tough could

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Ban of the US Dollar & Foreign Currencies Driving Bitcoin Demand in Zimbabwe

Ten years ago, Zimbabwe scrapped its national currency after the inflation rate climbed astronomical levels. Now, a decade later, the Zimbabwe dollar is making a comeback. But Zimbabwean expect the new currency to tank.

2019-7-11 21:18	Bitcoin Innovation
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Bitcoin Use Soars in Zimbabwe After Foreign Currencies Ban

Peer-to-peer Bitcoin exchange of LocalBitcoins has continued to soar after the Zimbabwe government implemented a ban on foreign currency transactions. Zimbabwe: Bitcoin or Bust As reported by Quartz Africa, Peer-to-peer Bitcoin transactions in Zimbabwe recently reached a new high after President Emmerson Mnangagwa reinstated the Zimbabwe dollar.

2019-7-11 15:00
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Bitcoin Is Making A Comeback In Zimbabwe

One of the textbook examples of hyperinflation is seeing a resurgence in demand for cryptocurrency. Bitcoin prices are soaring in Zimbabwe, as the government moves to limit trading in foreign currencies, Quartz reports.

2019-7-11 00:48	Bitcoin
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Zimbabwe's US Dollar Ban Ignites Massive Bitcoin Fever

Bitcoin trading is booming in Zimbabwe. The government introduced a law banning the use of the U. S. dollar, forcing citizens to adopt a national currency instead. Zimbabwe's national currency stopped circulating in 2009 as part of an effort to stabilize the economy.

2019-7-11 00:45	Zimbabwe
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Bitcoin Demand In Zimbabwe Grows Following Foreign Currency Ban

After the country banned the settlement of transactions using foreign currency including the US dollar and the British pound, demand for bitcoin has soared as individuals look to fill the financial gaps left behind by the ban.

2019-7-11 00:05	World
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With Bitcoin Above $13K, The Bulls Will Love What The Fed’s Recession Indicator Is Showing

In economic and political turmoil, Bitcoin always soars. This was evident as the market surged during the U. S-China trade war and continues to play a major role in some regions including Iran, Venezuela, Zimbabwe, and Britain.

2019-7-10 16:12	Bitcoin Price
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Bitcoin prices soar after massive premiums on trading and rebirth of Zimbabwe Dollar

With Zimbabwe Dollars being brought back from the dead, citizens of the country are facing a lot of problems. Additionally, the fiat currency is facing rejection by citizens and it is getting problematic for Bitcoin enthusiasts in the country to buy BTC due to an enormous premium on it.

2019-7-3 17:30
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Bitcoin Trading at 650% Premium on LocalBitcoins Zimbabwe, Price Shoots $75,000

Coinspeaker Bitcoin Trading at 650% Premium on LocalBitcoins Zimbabwe, Price Shoots $75,000LocalBitcoins Zimbabwe sees massive trading volumes as Bitcoin trades for a huge premium amidst the worsening economic conditions in Zimbabwe.

2019-7-2 09:51
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Bitcoin Price Hits $76,000 on Zimbabwe LocalBitcoins

Bitcoin is trading at an eye-watering 600% premium in Zimbabwe, as the country’s oppressive monetary policy drives local investors towards the decentralized ‘safe haven’ cryptocurrency.

2019-7-2 13:45	Zimbabwe
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Massive Bitcoin Premium Develops in South Africa, Bitcoin For Sale at $50,000 in Zimbabwe

Bitcoin is extremely rare in Zimbabwe after the government banned it last year, with the sole crypto exchange in the country, Golix, closing in May 2018. They had 49,333 Zimbabwean... The post Massive Bitcoin Premium Develops in South Africa, Bitcoin For Sale at $50,000 in Zimbabwe appeared first on Trustnodes.

2019-6-29 17:00	Politics
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Op Ed: Bitcoin in Africa, What Needs to Be Done to Encourage Adoption?

Bitcoin has the potential to revolutionize the African continent. Through Bitcoin, millions of unbanked Africans will have access to financial services. These and many more such statements exist across the internet.

2019-6-1 21:48	Op-ed
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The Zimbabwe Stock Exchange Hints At Blockchain Integration

At a time when forward-thinking financial institutions across the globe are increasingly integrating distributed ledger technology (DLT) into their processes in a bid to foster transparency and enhance productivity, the Zimbabwe Stock Exchange (ZSE) is also looking to explore the revolutionary technology, according to local news outlet, Chronicle on May 21, 2019.

2019-5-23 01:00
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Core Dev Shows How to Run Bitcoin Without Internet Connection

Once a rare occurrence, internet shut downs are becoming slightly more common. The latest country to do so is Zimbabwe, but governments around the world have at times briefly pressed... The post Core Dev Shows How to Run Bitcoin Without Internet Connection appeared first on Trustnodes.

2019-2-4 14:39	USA
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Morgan Stanley Believes Bitcoin Will Last The Long Haul, Coinbase Exec Says

Since Nakamoto launched Bitcoin a decade ago, the legacy financial system has fought it tooth and nail. Wells Fargo banned Bitcoin purchases from its credit cards mid last year. Indian and Pakistani banks are forcing their clients to declare they won’t buy Bitcoin before they open an account.

2019-1-21 17:38	Zimbabwe
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Report From Within Shut Down Zimbabwe: A Government That’s Crippled Its Own Economy

A shutdown of the internet by the Zimbabwe government this week, in an attempt to quell deadly protests, ended up achieving the exact opposite result – a total shutdown of the economy, including key public services like health and education.

2019-1-18 15:45	Zimbabwe
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Thousands of Banned Binance Customers Remain Cut off by the Exchange

Binance, the world’s second largest digital asset exchange by traded volume, has withdrawn its services from countries targeted by U. S. economic sanctions, in line with its controversial revised terms of use.

2019-1-6 03:00	Zimbabwe
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Binance Terminates Services for Users in Belarus

Cryptocurrency exchange Binance has informed Belarusian customers that its services will no longer be available in their country. The announcement follows reports of similar restrictions for residents of other nations under economic sanctions, such as the Islamic Republic of Iran and Zimbabwe.

2018-11-30 23:00	U.S.
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Bitcoin Takeoff – Will It Be Repeated? Emerging Markets: Zimbabwe

While situation with Iran and Venezuela and with their involvement in crypto market is more or less clear, then nothing is clear about South African Zimbabwe. We have already written how serious approach have been made by Iran, because its economy is suffering from sanctions.

2018-11-16 13:10	Zimbabwe
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Cryptogem Global Defies Zimbabwe’s Central Bank with New P2P Bitcoin Exchange

Cryptogem Global, a new peer-to-peer bitcoin (BTC) exchange, has opened in Harare in defiance of the Reserve Bank of Zimbabwe’s ban on cryptocurrencies. The decentralized platform allows Zimbabweans to buy and sell BTC without the need for intermediaries such as legacy financial institutions.

2018-11-8 18:25	Zimbabwe
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WhatsApp Bitcoin Trading Is Exploding Due To African Crypto Exchange Issues

Some governments in Africa are starting to take hard measures against cryptocurrencies and companies in the industry. Regulators in Zimbabwe have shut down two crypto exchanges in the country with the intention to stop crypto-trading activities.

2018-10-7 10:21	News
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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.

2018-10-6 22:05	Zimbabwe
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Wave of Mobile Tax Hikes Squeeze 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.

2018-10-3 14:50	Zimbabwe
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Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa

Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets.

2018-9-26 17:45	Zimbabwe
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Brazil’s Biggest Banks Under Investigation For Monopoly In Cryptocurrency Trade

Some of Brazil’s biggest banks have come under investigation for alleged monopolistic tendencies in the trade of bitcoin and other cryptocurrencies. The Administrative Council for Economic Defense, a transparency and competition body, accuses the financial institutions of shutting down accounts of brokers trading cryptocurrency without merit.

2018-9-20 04:25
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Zimbabwe’s Golix Battles To Grow Volume After Breaking Into Seven African Countries

Zimbabwean cryptocurrency exchange, Golix, is now active in seven countries across Africa, but it may be sometime before everyone buys into the project. Volume is still very low amid what looks like close competition between old and new exchanges fighting for a small, elite, but steadily growing market.

2018-9-19 22:25	Zimbabwe
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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.

2018-9-13 16:20	Zimbabwe
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Expanding Our Global Bitcoin Coverage – Gogo Our New Reporter in Zimbabwe

Veteran business journalist Jeffrey Gogo has joined the news desk at Bitcoin. com. Regular readers count on news. Bitcoin. com to bring them coverage from all over the world, and that world now extends to Africa – Zimbabwe to be exact.

2018-9-10 08:55
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Navigating Cryptocurrency Exchanges: Experts Weigh In

Although one of the primary goals of Bitcoin is to create a currency that is borderless and decentralized, a recurring concern is the way (other than mining) that we are able to actually acquire it and other cryptocurrencies.

2018-9-1 21:31	Bitcoin
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How Bitcoin and Blockchain Assets can Benefit from Global Fiat Currency Crisis

As Fiat Currency Reaches Worldwide Crisis, It Might Be The Time For Bitcoin To Prosper We all think that fiat is stable until it's not. We don’t even need to go that far in history. Zimbabwe, Venezuela, Iran, Turkey, and Argentina are all proofs that nationalized currency is only as strong as the government's decisions. […]

2018-8-24 21:51	News
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Unaware Where Bitcoins Are Mined, RBZ Governor Embraces Blockchain

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.

2018-7-5 18:20
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Zimbabwe Central Bank Prepares To Roll Out Gold-Backed Digital Token

The Reserve Bank of Zimbabwe (RBZ) has expressed its desire to establish a new form of digital money known as the Gold-Backed Digital Token (GBDT). This digital currency will be underpinned by gold bullion reserves held by the central bank.

Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice

Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion in its native currency or 39 million in United States dollars.

Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens

Coinspeaker Reserve Bank of Zimbabwe Defies IMF’s Warning, Sells $39M Worth of Gold-backed Digital Tokens Zimbabwe seeks to use gold-backed crypto tokens to salvage the country’s economic situation.

Zimbabwe Looks Towards A Future With Bitcoin As It Seeks Guidance For BTC Payments

A lot of countries have been looking to follow in El Salvador’s footsteps since the country officially implemented bitcoin as a legal tender. Most of these countries have however been from the same region as El Salvador in Latin America.

Government Of Zimbabwe May Be One Step Closer To Embracing Crypto

Zimbabwe may finally be relaxing its hardball stance on cryptocurrencies. Its increasingly crypto-friendly finance minister Mthuli Ncube, recently said that at this point, it would be impossible for the nation to keep ignoring cryptocurrencies.

How African Users Can Buy and Trade Bitcoin Cash Without Facing KYC or Geoblocking Hurdles

Africa remains the home to a large proportion of the world’s population that is unbanked according to a 2017 World Bank Global Index survey. Many of those who are unbanked cite their lack of official identification particulars as one of the main reasons for their predicament.

2021-11-9 22:00

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