Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet
Zimbabwean 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 beneficial to it. They insist, however, that because the Zimbabwean government — just like its peers in Africa — will not countenance ceding monetary control to anyone, it will not lift....
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The Government of Zimbabwe has confirmed signing an agreement with Daedalus World Limited which enables the latter to collect taxes from crypto and other content providers.
Zimbabwe’s Stance on Crypto
The Zimbabwean government recently said it had entered into an agreement with the British Virgin Islands-based Daedalus World Limited wherein the latter is expected to collect taxes from companies that offer “betting, gaming and cryptocurrency services to persons and organisations within the territory of the Republic of Zimbabwe.”
According to a....
Nov. 22-25, the first ever Blockchain Summer School will be opened in Harare, Zimbabwe. The event intends to educate and explore the benefits of Bitcoin as well as stimulating discussions on the challenges that inhibit cryptocurrency adoption in Africa. The event is organized by Bitfinance, a Zimbabwe-based Bitcoin exchange and infrastructure developer firm in collaboration with the Blockchain Academy. The target audience are local businesses that have been hit hardest by the current financial crisis in Zimbabwe. Tawanda Kembo, growth hacker at Bitfinance, says: “Zimbabwe is the hardest....
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. According to a report by the Herald, Ncube believes that cryptocurrencies will be better served as an investment class instrument rather […]
The country of Zimbabwe is not associated with financial stability by any means, yet things have taken a turn for the worse. Now that cash supplies are nearly non-existent, banks have to turn customers away. An excellent breeding ground for Bitcoin adoption, or will a different solution save the country? Even though various countries around the world are contemplating to go cashless in the future, running out of cash is not what most of them have envisioned. Unfortunately for Zimbabwe, that is exactly what happened. Not that this is a complete surprise, mind you, as the country has been....
Minister Monica Mutsvangwa clarified that Zimbabwe is not considering the adoption of cryptocurrencies or Bitcoin. Zimbabwe’s minister of information publicly dismissed ongoing rumors about the country considering the adoption of cryptocurrencies and Bitcoin (BTC). Rather, Minister Monica Mutsvangwa clarified that the government of Zimbabwe is keen to experiment with a central banking digital currency (CBDC).The rumor about Zimbabwe’s crypto adoption was sparked based on numerous reports quoting Charles Wekwete, permanent secretary of the president’s office, saying that the government was....