Impossible to Run Away From Cryptocurrencies Says Zimbabwe Finance Minister

[sirty143]

Zimbabwe’s increasingly pro-crypto finance minister, Mthuli Ncube, recently told his colleagues in government that it is now impossible to run away from cryptocurrencies... See more for yourself here.

Your opinion is greatly appreciated.

[Rinat8368834]

The cryptocurrency market went mainstream in 2021, attracting the attention of not only institutional firms and billionaires, but other countries as well. El Salvador first created history by making bitcoin legal tender in the country, which caused a domino effect that led countries like Paraguay, Argentina and Panama to also try to legalize the use of cryptocurrency in their financial sector.
Link to source: https://cryptolabchain.com/2021/10/17/ministr-finansov-zimbabve-kriptovalyutu-uzhe-nevozmozhno-ignorirovat/

[TomPluz]

I think I would agree 100% with this Zimbabwe Finance Minister and I hope he can convince the ;leadership of his country to officially adopt Bitcoin as a legal tender...this way they can plug the problem of inflation happening in their country. And this is the best time that they can do it...before BTC jumps to $100K. They should learn from the lessons made in El Salvador which poised to gain a lot with the rise of Bitcoin in the market.

[Dora Walletinvestor]

I think he has a point. No matter how critical someone is about cryptos, or how much regulators are unsure about it, they have definitely gained enough traction to be significant and it's no longer possible to completely ignore them.

[Alcor]

Zimbabwe has always been mentioned as one of the few countries where cryptocurrency has been banned. Therefore, the statement of the Minister of Finance of this country that the government can make certain concessions and allow cryptocurrency to function on the national stock exchange is already a great progress. We see that such a concession became possible after this minister learned that 30 percent of the country's young population is investing in cryptocurrency. That is, it was through the support of the cryptocurrency by the population that its official circulation became possible, although not yet completely complete.

[Bobcrypto]

I think I would agree 100% with this Zimbabwe Finance Minister and I hope he can convince the ;leadership of his country to officially adopt Bitcoin as a legal tender...this way they can plug the problem of inflation happening in their country. And this is the best time that they can do it...before BTC jumps to $100K. They should learn from the lessons made in El Salvador which poised to gain a lot with the rise of Bitcoin in the market.

Yes, the statement from the Zimbabwean finance minister is worth agreeable to every crypto enthusiasts and followers globally. One basic feature of the crypto invention is the blockchain technology that come with it, a technology that has attracted every sector of human endeavor. I think financial minister has well spoken snd has also realized the importance of cryptocurrecy and its imparts on the economy growth.