Zimbabwe: Minister Signals Soft Stance Towards Crypto-Currencies

15 October 2021

Zimbabwe is ready to soften its stance on crypto-currencies, judging by Finance and Economic Development Minister Professor Mthuli Ncube's remarks this week, that he intends to develop a framework and rules that govern formal trading in asset classes of the digital money.

According to Investopedia, a cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

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