The Reserve Bank of Zimbabwe has warned members of the public to trade in Bitcoin and other crypto-currencies at their own risk as the authority will not render them any legal protection in case they lose money through these virtual currencies.
The central bank warning comes
Bitcoin is a decentralized digital currency, or cryptocurrency, made up of a block of encrypted data. This currency exists purely in electronic form, and is therefore exchanged through a secure peer-to-peer file transfer system
The latest broadside came from Europe, where Bank for International Settlements General Manager Agustin Carstens said there’s a “strong case” for authorities to rein in digital currencies and that central banks
Cryptocurrency is a form of digital money that is designed to be secure, invisible than hard currency and specifically works in automated banking systems.
It is a currency associated with the Internet that uses cryptography. Remember, cryptography is the process of converting legible information into an
Information and Communication Technology (ICT) stakeholders have called on Zimbabweans to take advantage of emerging digital currencies like Bitcoins to address the biting cash crisis currently facing the country.
In an interview with 263Chat during the Broadband Economy conference in Harare on Friday, Taurai Chinyamakobvu, a