Published on November 22nd, 2017 | by bitcoin0
Bitcoin Not Legal
A senior official for Zimbabwe’s central bank is casting doubt on the legality of bitcoin in the country.
As quoted by local news source Chronicle, Norman Mataruka, director and registrar for the Reserve Bank of Zimbabwe, said that “bitcoin … is not actually legal” for use within the country.
However, it’s not entirely clear from the statement whether Mataruka was saying that bitcoin is not legal tender within Zimbabwe – that is, an officially recognized currency – or actually prohibited more widely.
Still, Mataruka reportedly noted that research is being undertaken within the central bank to determine the risks associated with cryptocurrencies like bitcoin, stressing that “[bitcoin] will not be allowed” until the central bank has drawn up a regulatory framework – a hint that some form of recognition could occur.
According to Chronicle, Zimbabwe’s central bank has previously warned that people who are involved investing in cryptocurrencies could lose their funds without recourse.