The Fate Of Some Zimbabwean Companies And Projects After The Central Bank Bans Cryptocurrencies

By Farai Mudzingwa RBZ

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The RBZ decided that they would wash their hands when it comes to cryptos. The central bank sent a directive to banks instructing them to cut all their ties with crypto exchanges and this may have grave consequences in the long run. As a nation, we had a serious opportunity to adopt a technology whilst it was still in its infancy but judging from the RBZ’s position it seems there won’t be any of that going forward.

The domino effect that could come as a result of this directive could be heartbreaking to watch as we’ll …read more