OPINION

Banning cryptos in the cash-starved economy

"The more government bans it, the more popular it gets," that is exactly what happens to bitcoin and other cryptocurrencies.Every few months, we hear that bitcoin has been banned by some country or th...

By Tinashe Kaduwo | Published: 18 May 2018
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OPINION

Govt jumped the gun on cryptocurrency ban

Only a few days ago Minister of Finance and Economic Development Patrick Chinamasa announced that Zimbabwe's economy was now 96 percent cashless and a few days later the Reserve Bank of Zimbabwe annou...

By Eng Jacob Mutisi | Published: 15 May 2018
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BUSINESS NEWS

RBZ bans bitcoin trading

THE Reserve Bank of Zimbabwe (RBZ) has ordered all financial institutions in the country to immediately stop trading or transacting in cryptocurrencies.RBZ registrar of banking institutions, Norman Ma...

By Staff reporter | Published: 12 May 2018
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FINANCIAL SERVICES

Zim banks banned from trading in crypto currency

The Reserve Bank of Zimbabwe has, in the interest of public trust in the financial system, banned local banks from trading in crypto currency.The central bank issued local banks with a 60 days ultimat...

By Staff reporter | Published: 12 May 2018
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FINANCIAL SERVICES

Zim cryptocurrency exchange makes waves

Zimbabwe's only cryptocurrency exchange, Golix, has reached a massive milestone after it cleared over 2 000 customer support tickets in less than weeks. The company, which is known for allowing Zimbab...

By Staff reporter | Published: 14 February 2018
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TRADE & INDUSTRY

Bitcoin dips below $10,000

Bitcoin has traded below $10,000 for the first time since early December.The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to the price index run by the news...

By BBC | Published: 17 January 2018
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BUSINESS NEWS

Bitcoin tumbles as digital coins resume slide

Hong Kong - Bitcoin slumped as much as 20%, giving more impetus to a January selloff in cryptocurrencies, after South Korea's finance minister repeated that the country may ban trading in one of the w...

By Bloomberg | Published: 16 January 2018
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BUSINESS NEWS

Bitcoin price breaches $30 000

THE price per bitcoin on the local cryptocurrency exchange breached $30 000 yesterday on the back of a surge in its international price, as it is now being traded as a futures.Futures are financial co...

By Staff reporter | Published: 12 December 2017
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BUSINESS NEWS

Bitmari slashes remittance costs

As efforts to boost Diaspora remittances into the country continue, a local firm Bitmari, says it has launched an affordable platform that can be used to send money from the United States. Bitmari, w...

By Staff reporter | Published: 29 November 2017
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BUSINESS NEWS

Zim panic sends Bitcoin soaring over $6,000?

Bitcoin is the latest indicator to show that Zimbabwe's attempts to defy economic gravity will, as before, result in unplanned-for ­con­sequences and bruises on the way down.According to TheNational...

By Staff reporter | Published: 20 October 2017
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