Tag: Zimbabwe

Zimbabwe Maps Crypto Landscape to Shape Future Regulatory Framework

The Zimbabwean government has initiated a comprehensive study to map and understand the crypto landscape. A study will assess the risks associated with...

ZiG: Zimbabwe abandons gold-backed digital currency, launches fiat

This physical fiat currency, consisting of notes and coins, will be backed by gold in the same manner as the digital token was. ...

Ponzi Scheme Redux: MMM Krypto Raises Concerns, Triggers FSCA Warning

The resurgence of MMM has prompted the FSCA in South Africa to issue a warning about the scheme's alluring promises of unrealistic returns. ...

Can blockchain voting improve African elections amid coups?

A concerning 27% of African elections have been disputed in the last five years, recent major ones being the Zimbabwe and Gabon elections. ...

Zimbabwe sells millions of gold-backed cryptocurrency despite IMF caution

Despite the International Monetary Fund (IMF) warning, the Reserve Bank of Zimbabwe has successfully sold 14 billion Zimbabwean dollars' worth of gold-backed cryptocurrency. ...

Zimbabwe announces ambitious Gold backed digital currency

The Reserve Bank of Zimbabwe (RBZ) recently announced a new digital currency, the Gold-backed dollar (GBD), designed to address the country's foreign currency...

Zimbabwe races to launch CBDC

The country’s central bank launched a survey to garner opinions on the feasibility of a CBDC The Reserve Bank of Zimbabwe opened an...

South Africa sets the tone for proper crypto regulation in Africa

According to a working group study, daily crypto asset trading prices in South Africa "exceeded $145 million for the first time" in January 2021. The new restrictions are intended to increase transparency and reduce cryptocurrency usage for illegal purposes.