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High Court of Zimbabwe Lifts Cryptocurrency Ban

  • Published on: May 26, 2018 - 11:12 AM
  • Source: Bitcoinist

High Court of Zimbabwe Lifts Cryptocurrency BanThe High Court of Zimbabwe has lifted a ban on cryptocurrencies in the Southern African country. This follows a lawsuit that was filed by a local cryptocurrency exchange which argued that the Reserve Bank of Zimbabwe did not have any authority to declare cryptocurrencies illegal.  Contested Jurisdiction On the 12th of May, Zimbabwe’s financial services regulator, the Reserve Bank of Zimbabwe (RBZ), issued a directive to all financial institutions to stop all forms of transactions related to cryptocurrencies and to wind down all accounts tied to cryptocurrencies within 60 days. This was fol …

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