Reserve Bank of Zimbabwe Bans Cryptocurrency Trading. Banks Given 60 days To Comply (Full Statement)

By Staff Writer

The Reserve Bank of Zimbabwe has issued a directive to Zimbabwean financial institutions prohibiting them from working with Cryptocurrency exchanges or holding any accounts of people trading in cryptos. The central bank has given financial institutions 60 days to end their existing relationships with crypto-currency exchanges.

Here’s the full circular issued on 11 May 2018:

CIRCULAR TO BANKING INSTITUTIONS NO. 2/2018: VIRTUAL CURRENCIES

1. Further to the Circular dated 16 November 2015 and Press Statement issued by the Reserve Bank of Zimbabwe (the Reserve Bank) on 20 December 2017 on the use of virtual currencies in Zimbabwe, banking institutions’ attention is once again …read more

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