Zimbabwe Provides ‘Ideal Scenario’ for Bitcoin Companies, Says Lawyer in White Paper

Zimbabwe Provides ‘Ideal Scenario’ for Bitcoin Companies, Says Lawyer in White Paper

Zimbabwean lawyer Simba Machiridza has written a white paper on the state of the preparedness of the country as a base for Bitcoin companies. He concludes that Zimbabwe is an ideal destination. Machiridza believes Bitcoin offers a viable alternative to Zimbabwe’s current financial framework, and wrote the paper in order to analyze whether it would be possible for Bitcoin to be adopted in the country, which has a multicurrency regime. He concludes in the white paper that the laws currently in place in Zimbabwe would permit the application of Bitcoin, should the authorities adopt an open....


Related News

Bitcoin Websites Asked to Remove White Paper After Craig Wright Claims Copyri...

During the last few days, the cryptocurrency community has been discussing the recent action taken by Craig Wright’s lawyers against web portals that host the original Bitcoin white paper. Recently letters were sent to a number of websites requesting the removal of the paper due to alleged copyright infringement. **Editor’s Update 1/21/21 @1:15 p.m. (EST): At some point during the day, the owner of the web portal bitcoin.org, Cobra, deleted his tweet (quoted below) concerning the locked white paper removal conversation on Github. The conversation was locked for being “too....

Is Zimbabwe an Ideal Destination for Bitcoin?

Whether Bitcoin would be a better option for the southern African state of Zimbabwe to adopt as an alternative method of payment or not has triggered an online discussion this past week. It follows the news that Zimbabwe will soon print its own version of the U.S. dollar as its economy suffers a severe US dollar shortage. On 4 May 2016, Governor John Mangudya of the Reserve Bank of Zimbabwe (RBZ) announced that the government will later – possibly this month - issue bonds with a total value backed by a US$200 million Africa Export Import Bank (AFREXIM) facility. Writing in a piece....

Thomson Reuters publishes white paper on digital currencies and money laundering

Thomson Reuters has published a white paper detailing the challenge for law enforcement with digital currencies and how they can be used for money laundering. The paper is mainly an educational article and serves as an introduction to the problem of money laundering and digital currencies. The paper starts by quoting the Financial Action Task Force (FATF), which is an international group involving 36 countries that money laundering is at the level of between two and five percent of global GDP, i.e. $1.38 trillion to $3.45 trillion. This is a rough estimate as, by the definition of the....

Dustin Trammell On The Original White Paper Day, Corresponding With Satoshi A...

Trammell was one of the first to recognize Bitcoin’s potential and offers unique perspective for Bitcoiners celebrating White Paper Day 2022.

What Is the Bitcoin White Paper?

A technical manifesto, the Bitcoin white paper was released in 2008 under an MIT public license for all to learn from, share and enjoy.