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Zimbabwe studying CBDC, ‘as opposed to crypto, Bitcoin, any form of derivatives’
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Africa, of late, has been the center of attention in terms of crypto adoption. Well, Zimbabwe has been mulling over the various possibilities with crypto as interest and use cases, surged in the country. With many speculating over Zimbabwe going the El Salvador route, the government paused to clarify, it was not looking to make crypto legal tender.
As per reports, the Information, Publicity, and Broadcasting Services Minister, Monica Mutsvangwa, revealed that cryptocurrency would not be a local currency, adding,
“Government would like to assure the nation that it is not considering introducing another currency in the economy as reported in some sections of the media. Our local currency is the Zimbabwe dollar, and not cryptocurrency.”
She
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