Bitcoin News / Bitcoin.com - 3 days ago
Zimbabwe’s central bank governor, John Mushayavanhu, has stated that the bank might use its foreign currency reserves to protect the Zimbabwe Gold (zig) from severe market disruptions. He also pledged to maintain a tight monetary policy to ensu...
Bitcoin News / Bitcoin.com - 1 month ago
Zimbabwe’s gold-backed currency, the ZIG, has seen a significant increase in usage since its introduction in April. While the U.S. dollar remains the dominant currency for most citizens, the ZIG is used for 40% of payments and 80% of government...
Bitcoin News / Bitcoin.com - 1 month ago
The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Z...
Bitcoin News / Bitcoin.com - 2 months ago
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than...
Bitcoin News / Bitcoin.com - 2 months ago
Zimbabwean mining company, Kuvimba Mining House, has introduced a blockchain-based mine-to-market traceability system for its gold production in the country. This system ensures that all gold from Kuvimba is traceable from the mine to international m...
Bitcoin News / Bitcoin.com - 3 months ago
The Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are reportedly developing a framework for virtual asset trading. The framework aims to provide clear legislation, client protection under the Data Protec...
Bitcoin News / Bitcoinist - 3 months ago
Zimbabwe is taking an exciting step into the future by launching a public consultation to get opinions on regulating cryptocurrency operations in the country, Bloomberg reports. This is a big change for a nation that has historically struggled with c...
Bitcoin News / Bitcoin.com - 4 months ago
The International Monetary Fund (IMF) has stated that Zimbabwe’s recently introduced gold-backed fiat currency represents a significant policy step. This is the IMF’s first substantial comment on the currency since its inception. The global lender ha...
Bitcoin News / Google News Bitcoin - 4 months ago
IMF Calls Zimbabwe's Gold-Backed Currency an 'Important Policy Action' – Africa Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 4 months ago
A Zimbabwean millionaire couple, based in South Africa, has been kidnapped by a gang seeking to profit from their cryptocurrency valued at $13.9 million. The couple, Professor Sheperd Sikhosana and his wife, Sekayi Adelpha Sikhosana, were kidnapped i...
Bitcoin News / Bitcoin.com - 4 months ago
The Zimbabwean government has formed a multi-stakeholder committee, tasked with consulting stakeholders in the cryptocurrency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), aims to determine the natur...
Bitcoin News / Bitcoin.com - 5 months ago
The Reserve Bank of Zimbabwe has introduced a foreign exchange and gold-backed “structured currency” to replace the struggling local currency. The structured currency banknotes will be “fully convertible into the reserve currency on...
Bitcoin News / Bitcoin.com - 7 months ago
The Zimbabwean government plans to launch what it calls a “structured currency.” Some commentators and social media users have expressed skepticism over the government’s latest currency plans. Zimbabwe’s Structured Currency The Zimb...
Bitcoin News / Bitcoinist - 8 months ago
Ripple CEO Brad Garlinghouse has come under fire following his recent comments about Dogecoin (DOGE). Garlinghouse had made these remarks during a back-and-forth conversation that he had with the meme coin’s co-founder on the X (formerly Twitter) pla...
Bitcoin News / Bitcoin.com - 9 months ago
On Dec. 8 and 9, the University of Zimbabwe in partnership with the South Africa-based Mzansi Web3 Hub, held the learning institution’s inaugural blockchain hackathon. Taurayi Rupere, the chairman of the institution’s computer science departmen...
Cryptocoins News / CoinJournal - 11 months ago
RBZ has launched a gold-backed ZiG digital token to address currency instability and inflation.
ZiG offers a stable and versatile investment option, gaining investor interest.
Investors have purchased 350kg of gold through ZiG, signalling a shift fr...
Cryptocoins News / The Cointelegraph - 11 months ago
The Reserve Bank of Zimbabwe first introduced its new project in April, with each issued digital token backed by a physical amount of gold held in the bank’s reserves....
Bitcoin News / Bitcoin.com - 11 months ago
Zimbabwean residents and institutions can now pay or settle domestic transactions using the recently launched gold-backed digital tokens, the central bank has said. Bank governor John Mangudya said the central bank has enlisted the services of extern...
More / Bitcoin Reddit - 1 year ago
https://preview.redd.it/g2co96ycntob1.png?width=747&format=png&auto=webp&s=a84874861976041523f1e53f6bbbccbb3f069983 submitted by /u/DeFi_News [link] [comments]
Bitcoin News / Bitcoinist - 1 year ago
The Reserve Bank of Zimbabwe (RBZ) has expressed its desire to establish a new form of digital money known as the Gold-Backed Digital Token (GBDT). This digital currency will be underpinned by gold bullion reserves held by the central bank.
The decis...
Cryptocoins News / The Cointelegraph - 1 year ago
Physical and digital gold tokens have been a big success as investments and an inflation hedge in Zimbabwe, which continues to face triple-digit inflation. The Reserve...