Reserve Bank of Zimbabwe crypto asset ban overturned by court


Zimbabwe’s High Court in Harare has overturned the central bank’s ban on “virtual currencies” following a complaint from one of the country’s crypto asset exchanges.

Earlier this month, the Reserve Bank of Zimbabwe (RBZ) issued a circular banning banks and financial institutions from conducting business relating to crypto assets.

“Financial regulators around the world have identified the dangers and risks presented by virtual currencies to financial stability, which include risk of loss due to

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