RBZ bans bitcoin trading

THE Reserve Bank of Zimbabwe (RBZ) has ordered all financial institutions in the country to immediately stop trading or transacting in cryptocurrencies.
RBZ registrar of banking institutions, Norman Mataruka in a circular yesterday, said they were taking these measures to protect the public and safeguard the integrity, safety and soundness of the country’s financial system.

The central bank said financial institutions should exit any existing relationships with virtual currency exchanges within 60 days and proceed to liquidate and restitute existing account balances.

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