Crypto Technicals: BTC/USD extends sideways above 200H SMA support (8277), weakness likely on break below 
Crypto Technicals: LTC/USD pauses upside at 21-EMA resistance (59.80), break above required for further gains 
Crypto Technicals: Ripple (XRP) spikes higher, hits 4-week high (0.29369), bias bullish 
Crypto Technicals: ETH/USD eyes 110-EMA, break above could see test of 200-DMA (211.19) 
Crypto Technicals: XMR/USD extends choppy trade along 78.6% Fib, 'Bullish Divergence' keeps scope for gains 
Crypto Technicals: XRP/USD extends weakness for the 2nd straight session, slips below 55-EMA 
Crypto Technicals: Major Cryptocurrency Support Resistance Levels 
Crypto Technicals: Major Cryptocurrency Support Resistance Levels 
Crypto Technicals: XRP/USD capped inside daily cloud, consolidates break break above 55-EMA 
Crypto Technicals: IOT/USD slips below 21-EMA, dip till trendline support at 0.2515 likely 
Crypto Technicals: ETH/USD consolidates above 200H SMA, intraday bias turning bullish 
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook 
Crypto Technicals: LTC/USD capped below 21-EMA, tests support at 2H 200 SMA (56.20) 
- News
- Economy
- Central Banks
- Investing
- Research
- Roundups
- Digital Currency
- Insights
- Technical Analysis
- Technology
- Business
- Law
- Health
- Nature
- Fintech
- Science
- Topic
- Opinions
- EconoTimes PRO
- ©Elmin Media . All Rights Reserved.
Reserve Bank Zimbabwe says bitcoin is illegal
The Reserve Bank Zimbabwe (RBZ) has said that bitcoin is illegal in the country and has warned people against using the digital currency, according to Techzim.
Norman Mataruka, RBZ director and registrar of banking institutions, recently said:
“In terms of the Bitcoin, as far as we are concerned, it not actually legal. In Southern Africa, what we have done as regulators, we have said that we will not allow this in our markets.
“Research is currently being undertaken to ascertain the challenges and risks associated with these particular products and until we have actually established and come up with a legal and regulatory framework for them, it will not be allowed.”
The comments come at a time when bitcoin is being touted as Zimbabwe’s crisis currency. Bitcoin price on Golix, Zimbabwe-based bitcoin exchange, is over $14,000, as compared to global levels of around $8,100, at the time of writing.
The country has been facing financial crisis for years now. The hyperinflation situation in 2008 and 2009 and subsequent abandoning of the Zimbabwean dollar in 2009, drove people towards other avenues to safeguard their savings. Bitcoin, which emerged around this time, appeared to be one such attractive avenue for the people.
Editor's Picks
- Market Data
