Zimbabwe’s Finance Minister: Cryptocurrency Could Solve Zimbabwe’s Cash Shortage

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Zimbabwe’s newly appointed Finance Minister Mthuli Ncube says that he will push the central bank to create a virtual currency to help solve the country’s ongoing cash shortage.

Ncube mentioned this only a fortnight after his appointment. The minister made his stand clear on the cryptocurrency controversy, saying it is not completely right to just turn the cryptocurrency idea away without giving it some consideration.

Ncube cited the example of Switzerland where the European country’s central bank has adopted a more progressive stance on bitcoin and other cryptocurrencies saying Zimbabwe should copy this example.

Switzerland has proven popular for cryptocurrencies, with 200-300 virtual currency entities opening in so-called ‘Crypto Valley’ in...

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