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Zimbabwe has long been a hive of cryptocurrency trading. But aside from some rumors after the government banned forex trading in Oct 2019, bitcoin’s fate in this country has been someone uncertain. Not for much longer, though. At long last, the Reserve Bank of Zimbabwe (RBZ) has drafted a proposal to regulate cryptocurrency.
Zimbabwe Cryptocurrency Regulation – Not Ban
As we’ve seen from other countries struck by hyperinflation or excessive government intervention in monetary policy, Zimbabwe’s been through it all. Last July, there was a surge in cryptocurrency trading as the government banned foreign currencies.
At its height,
