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Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

Published 05/12/2018, 07:51 AM
Updated 05/12/2018, 09:02 AM
Zimbabwe’s Central Bank Bans Financial Institutions From All Crypto Dealings

Zimbabwe’s central bank has recently banned dometic financial institutions from dealing with cryptocurrencies, local media outlet NewsDay reports today, May 12.

According to the report, the Reserve Bank of Zimbabwe’s (RBZ) director and registrar of banking institutions Norman Mataruka issued a circular Friday ordering all financial institutions to terminate servicing cryptocurrency exchanges within 60 days and begin to liquidate existing crypto-related accounts.

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