Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: Btceth01 on November 09, 2021, 10:11:46 PM
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Zimbabwe’s ministry of Information, Publicity and Broadcasting Services has confirmed that the country has no plans to adopt Bitcoin as an alternative cryptocurrency despite multiple media reports.
The nation is assured that Government is not considering introducing another currency in the economy as reported in the media. The local currency remains the Zimbabwe dollar (ZW$) and not cryptocurrency#postcabinetbriefing pic.twitter.com/w5eQhxeufM
— Ministry of Information, Publicity & Broadcasting (@InfoMinZW) November 9, 2021
The Zimbabwe dollar will remain the only currency in the hyperinflation-stricken country.
On Nov. 7, local news portal Bulawayo24 reported that the Zimbabwean government had had discussions with private sector players about making crypto legal tender.
The report was then picked up by some cryptocurrency news outlets and was shared by major crypto influencers.
El Salvador, a small tropical country in Central America, made history earlier this year by adopting Bitcoin as its official currency.
Other countries, however, are yet to follow suit. Last month, Mexican President Andres Manuel Lopez Obrador definitely ruled out adopting the flagship coin as an official currency. Source (https://cryptonews.net/2586485/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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actually whatever the zimbahwe government does to be able to adopt or not bitcoin as a legal currency is the authority of the government. because they know the situation in their country's economy. maybe it is always possible to pay attention to all aspects before actually taking the action taken, so it doesn't have to be instant.
but if only could accept crypto trading, it would be a separate progress made by the Zimbabwean government, because after all crypto is unavoidable that it is a necessity because technology continues to develop.
nor do have to follow other countries such as elsavador whose government is ready to adopt bitcoin to be used as legal tender. because every country certainly has a way of thinking that can be different because of the economy and readiness to accept bitcoin.