Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: Henrikbliss on June 18, 2018, 06:40:45 PM
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The Reserve Bank of Zimbabwe (RBZ) is planning to challenge a High Court ruling which blocks its attempt to ban cryptocurrency trading in the country, according to a report by the Global Government Forum.
In May this year, the RBZ gave financial establishments 60 days to cease relationships with cryptocurrency exchanges Golix and Styx24. The bank argued that cryptocurrencies, such as Bitcoin, were a tool for criminals and money launders.
Golix retaliated by filing a High Court challenge on 24 May, arguing that the Central bank’s ban was against Administrative Justice noted in the Constitution of Zimbabwe. As the central bank failed to offer a defence, the High Court gave a default judgment, permitting the exchange to resume trading.
Read More: https://news.bitzamp.com/zimbabwes-central-bank-to-challenge-high-courts-ruling-on-crypto-ban/ (https://news.bitzamp.com/zimbabwes-central-bank-to-challenge-high-courts-ruling-on-crypto-ban/)