Zimbabwe – Central Bank Ban for All Operations with Cryptocurrency

Zimbabwe Central Bank imposed a ban on all cryptocurrency related operations on the territory of the country. The Reserve Bank of Zimbabwe issued a circular ordering all financial institutions of the country terminate servicing all accounts in cryptocurrency and banning all cryptocurrency related operations.
All banks and related financial institutions have 0 days to close all cryptocurrency accounts and to terminate all related services. The main reason for the ban is the need to keep the integrity of all financial systems, which is impossible with cryptocurrency.
Moreover, the president of the Reserve Bank of Zimbabwe, Norman Mataruka, warned the citizens of the country, that, if they perform any actions with cryptocurrency, they do it at their own risk.

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