TagRBZ

Zimbabwe Central Bank Defends Cryptocurrency Trading Ban

The Reserve Bank of Zimbabwe has filed opposing court papers supporting its directive to ban cryptocurrency exchange company, Golix, from dealing with banks and saying its directive was procedural. The Zimbabwean apex bank argues that by continuing to process crypto transactions through formal banking channels presented risks to the financial system while Golix’s platform for trading virtual...

Zimbabwe's Biggest Crypto Exchange Golix Moves Closer to $32 Million ICO Launch

ICO Coins jar

Zimbabwe cryptocurrency exchange platform, Golix, is now proceeding ahead with its planned token sale to raise $32 million and has expanded to Kenya and Uganda with effect from the beginning of this month. Golix’s Initial Coin Offering had been disrupted after the Reserve Bank of Zimbabwe banned banks from processing cryptocurrency transactions in the country. The apex bank also subsequently...

Cryptocurrency Trading Halted in Zimbabwe Despite High Court Ruling

Zimbabwe

Restoration of cryptocurrency trading on Zimbabwe bitcoin exchange Golix will take longer than expected as the company says it is still working on having its bank accounts reopened while also awaiting finalization of regulatory issues regarding virtual currencies in the country. Golix is one of two major cryptocurrency exchange platforms in Zimbabwe, the other being Styx24. The Reserve Bank of...

Zimbabwe Court Lifts Central Bank's Banking Ban on Bitcoin Exchanges

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The Harare High Court has lifted a ban by the central bank which barred all banks and financial institutions from offering services to cryptocurrency exchanges. The Reserve Bank of Zimbabwe (RBZ) failed to appear for court proceedings in a case in which Zimbabwe crypto exchange, Golix is seeking reversal of the central bank’s directive that it stop virtual currency trading in the country. Golix...

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