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Tag: RBZ bans cryptocurrencies

RBZ Has A Strategy For Fintechs And Cryptos: Bureaucracy

So the Reserve Bank of Zimbabwe Governor, Dr John Mangudya delivered his Mid-term Monetary Policy Statement yesterday. In the appendices there is reference to financial technology businesses (Fintechs). The weight of fear The central bank continues to have quite an amount of fear and skepticism regarding fintechs. Here is one of the introductory paragraphs: Notwithstanding […]

Techzim’s Position On Golix, The Cryptocurrency Exchange; Are We Related?

A number of times people have linked Techzim to Golix in several different ways. This is to put to the record the accurate position of any relationship we have with Golix and the stance we are taking with that business. Is Golix a Techzim client? Golix is not a customer of Techzim and has never […]

Golix Advises Customers To Withdraw Their Money And Cryptos

Golix has finally released an update to customers and in their email, Golix addressed a few of the issues currently plaguing them. You can read the email they sent to customers below: Dear Valued Customer¬† A lot has been happening at Golix between the last communication we sent to you on 15 May 2018 and […]

BREAKING: Golix Challenges The Reserve Bank Ban Of Cryptocurrency At The High Court

No surprise really, I was expecting the Reserve Bank of Zimbabwe to be challenged in court for their directive that effectively banned cryptocurrency in Zimbabwe. The central bank did not just instruct banks to stop facilitating any cryptocurrency linked transactions but they also directed the general public to stay away from cryptos. Now, it has […]

Zimbabwe Is Not In Good Company When It Comes To Banning Cryptocurrency Trading

It may seem like all we are talking about is the Reserve Bank of Zimbabwe’s (RBZ) ban on cryptocurrency trading lately. I believe we have good reason to do that. That kind of decision making by the RBZ needs to be nipped in the bud. This is not necessarily because we believe in cryptocurrencies but […]