Zimbabwe Bans All Cryptocurrency Activity, Businesses.

The Reserve Bank of Zimbabwe,

the country’s central bank, laid out seven points in ordering the shutter of things crypto within the southeast African nation. Referencing two previous circulars going back as far as three years ago, the notice explains ’banking institutions’ attention is once again drawn to the risks involved with virtual currencies and the need to ensure strict adherence to sound risk management. Our investigations have revealed that the major cryptocurrency exchanges facilitating the trade of virtual currencies in Zimbabwe are Bitfinance (Private) Limited Golix and Styx24. Golix has gone further to set up an ATM machine through which cryptocurrency transactions are facilitated.