Zimbabwe and regional technology news and updates



Nyaradzo logo

Add Qatar To The Countries That Have Banned Cryptos…

If you thought the dawn of a new year would mean less animosity from governments towards cryptos, think again. Qatar has become the latest country to ban crypto trading. Qatar’s financial regulator – QFC (Qatar Financial Centre)- blocked trading of all crypto asset services: Virtual Asset Services may not be conducted in or from the […]

Ugandan Government Warns Citizens To Avoid Cryptos

African governments are often derided for their use of applying similar methods (which are ineffective most times) when faced with problems. Like many-an-African government Ugandan leadership has come out and warned citizens against use of cryptocurrencies. The Finance Minister in Uganda has declared that the government doesn’t recognize cryptocurrencies and won’t be held responsible if […]

Scammers Already Claiming They Can Sell You Facebook’s Libra Currency, Though It Isn’t Out Yet

You might have heard about Facebook’s grand plans for a global cryptocurrency – Libra. Whilst there is a lot of excitement surrounding this cryptocurrency, scammers are already coming out of the gate and claiming they will sell you the crypto, though it hasn’t even been launched as of yet. Fraudsters are creating fake websites that […]

Facebook’s Libra Won’t Be Introduced In Countries That Ban Crypto’s Or Are Under US Sanctions

Whilst it looks like Facebook will have to deal with some regulatory hurdles before rolling out, another stumbling block will be the country’s attitude towards cryptos and whether or not that country is under sanctions. Techcrunch spoke to a Calibra spokesperson who cited that sanctions and hostility towards cryptos is a no-no: The Libra Blockchain […]

You Can Now Buy Crypto’s Straight From The Opera Browser

The Opera Browser has always been enthusiastic about crypto. If you recall, Opera became one of the first mainstream browsers with a built-in crypto wallet last year. Though some people’s faith and the hype surrounding cryptos has died down a bit, Opera shall not be shaken. They are still paying attention to that space and they […]

Is the Zimbabwean Central Bank Finally Warming Up To Cryptocurrencies?

In a surprising turn of events, it seems the RBZ is finally warming up to cryptos.  It took the President appointing a new Minister of Finance and said Minister of Finance stating his affinity for cryptos, but here we are. Mangudya was one of the officials who recently travelled to the US and during a […]

RBZ Governor: Zim Central Bank Open To Investigating Blockchain Solutions

In a positive and unexpected turn of events, the Governor of the central bank of Zimbabwe, John Mangudya, indicated that the Reserve Bank is ready to investigate blockchain technology. This is a surprise considering that the central bank banned cryptos back in May. Speaking at the Alpha Media Holdings’ Banks and Banking breakfast meeting yesterday […]

How Is Bitmari Still Operating Even Though RBZ Banned Cryptos?

On the 15th of May RBZ unexpectedly made their stance on Cryptos known. Previously they had not assumed a position but when they did they assumed a controversial position and instructed banks to stop facilitating trades that are related to any cryptos. As one would expect this has been a big blow to Golix –the […]

Major US Federal Reserve Bank Starts To Track Cryptos: A Signal That Cryptos Are Going Mainstream?

In a huge surprise move, The Federal Reserve Bank of St. Louis (St. Louis Fed) announced that it is now officially tracking cryptocurrencies (cryptos) on their Federal Reserve Economic Data (FRED) platform.  The St. Louis Fed is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up […]

Deploying The Blockchain Against Cryptocurrencies, Giving Regulators An Edge Over Criminals

Whenever cryptocurrencies go under the spotlight by regulators, the conversation quickly descends into what has become a cryptocurrency cliché, the use of crypto assets to fund criminal activities and terrorism. The point which regulators omit to also emphasise on is the fact that terrorism, drugs and all the other illicit activities under the sun pre-date […]

Zimbabwe’s Central Bank Orders Crypto Exchange Shut Down

Earlier we reported that some banks had shut down Golix’s accounts and we can now confirm that last week Tuesday RBZ sent a directive to Golix instructing them to cease all operations in relation to virtual currency exchange. For Golix, when it rains it pours. The past week has just been a never-ending storm for […]

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

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: […]

Victoria Falls Now Has Crypto-Currency Coin; Problem Is, It’s Not Clear Who Exactly This Is For

A UK-based Zimbabwean Lawyer, Prosper Mwedzi has created the first ‘tourism-focused’ cryptocurrency in the country. VicFalls Coin is a crypto that he hopes will be used in the tourism sector, particularly in the Victoria Falls Community (both in Zimbabwe and Zambia). Though the coin seems like a grand idea on the surface, there are many […]

Zim Bitcoin exchange, Golix, goes down for hours

Golix, Zimbabwe’s only cryptocurrencies exchange went down for several hours today. It was down since early hours today (we found out at 5AM) and has just been restored. We’ve reached out to Golix CEO, Tawanda Kembo and he’s told us they were having an issue with their hosting provider. “We were offline  because we had […]

Samsung Ventures Into The Mass Production Of Cryptocurrency Mining Chips

While some are shunning out cryptos (cryptocurrencies) as we’ve seen Stripe and somewhat Facebook do, some are amassing resources in order to invest in it. However, considering how controversial the technology is, this is quite expected. The South Korean multinational electronics company, Samsung Electronics has revealed that it has ventured into the mass production of cryptocurrency mining chips. The chips […]