Categories: Zim Latest

Zimbabwe High Court lifts ban on cryptocurrencies

The Zimbabwe High Court has ordered the Reserve Bank of Zimbabwe(RBZ) to lift its ban of cryptocurrencies which include the bitcoin, which had been deemed illegal to use in the country.

The Reserve Bank of Zimbabwe had issued a directive instructing banks not to facilitate any cryptocurrency related transactions

This follows after Golix, Zimbabwe’s first and biggest cryptocurrency exchange went to the High Court and filed an urgent chamber application for the RBZ ban to be lifted.

Advocate Fadzayi Mahere, who was part of the team of barristers challenging the ban announced the news via her twitter account.

“RBZ ban on cryptos lifted by the High Court. Administrative justice is alive and well in this jurisdiction. Section 68 of the Constitution is our best friend!” she tweeted
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Published by
Takunda Shumba

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