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RE: Reserve Bank of Zimbabwe Issues Ban on Cryptocurrencies to ‘Protect the Public’

in #bitcoin6 years ago (edited)

Are we really surprised? Zimbabwe messed up their economy so bad in economics classes, Zimbabwe finds its way into the learning materials because it's such a great example of a corrupt country that destroyed its own economy.

Cryptocurrency is an opportunity for Zimbabwe to collect taxes from crypto and collect money from licences to foster the creation of regulated and legal exchanges. Not everyone can see the future, especially Zimbabwe.

Even Venezuela is embracing cryptocurrency because their currency is destroyed as well, but at least crypto is an opportunity to repair it.

RIP Zimbabwe.

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