Bitcoin Forum

Reserve Bank of Zimbabwe (RBZ) said it has not licensed any person or company to deal, trade, buy, sell or invest in cryptocurrencies. Hence those trading would do so at their own risks.

Check out here: https://coinpedia.org/news/reserve-bank-of-zimbabwe-bans-crypto-trading/

Oh,no.What are going to do without Zimbabwe?I'm pretty sure the whole cryptoworld is shocked by these news. ;D Perhaps this was the main reason for the current bitcoin price decrease.
The national currency of Zimbabwe is pretty stable(sarcasm),so we shouldn`t worry about them. ;D

crypto currency solves the inflation of zimbabwe currency and they're banning. the country must be full of corrupted politicians i feel really bad for people who live there. but i feel it still useless because alot of people dont have internet there and they cant afford, i dont know im probably wrong.

The corrupted countries don't care about the citixen of their country all they want to increase their bank balance as much as they can but it is big blow for that if people involved crypto trading from that country but I don't think they were too many so it doesn't affect the crypto field anyway.

Countries like India and China have explored this route before and in Africa, Kenya’s regulator has also taken a hard stance against cryptocurrencies. They are all meant to be measures against potential risks in a new space.

Now Zimbabwe is following the same path.

The moves by Zimbabwe’s central bank are particularly unfortunate for local cryptocurrency users, as many of Africa’s underbanked population use the coins to pay for transportation, buy food, and top-up cellphones. It seems to be an attempt at consolidating power, as the decentralized nature of cryptocurrencies has allowed them to become alternatives to weak, local fiat currencies that are facing rampant inflation.

I was never surprised by this news or whatever you wanna call it. Last year, I sold bitcoins to zimbabwe with a double price against poloniex, therefore it is obvious that their community had exit fiat via bitcoin... no wonder that their government will do such announcement like this nowadays.

African banks are very small and therefore do not play important role in the whole world banking. Even if the largest banks will say something about crypto, it will also most probably will not affect crypto users, because crypto currencies are now playing its own role in the whole world.

Don't that any news from Zimbabwe can affect the course of cryptocurrency market. African countries are not playing any decisive role in this sphere. So, I think this news is not a reason to worry. Zimbabwe's are the only people that can get affected by this ban.

Licensed? Really, I dont think there is any country who give license individually to do the trading. I mean in my own country I dont have permission to use the crypto currencies as they declared it as legal tender. But learn one thing that its not like that I cant trade or buy them but thats just my own risk and if something goes wrong then I cant take any legal action for my losses. Thats what this whole things means and nothing else. So banning of like that way doesn't hamper the crypto currencies.

well from the beginning they do trading with their own risk
so what licensed do at this thing? i dont get it  ???

It might be about cryptocurrency exchanges, they probably don't take a special license for that but they don't start a company for exchange because of this ban. Individuals still trade their coins in cash but there is risk for sure.

Will it really stop them trading?! I'm sure most of the economy is based on market sellers via non taxable cash economy. To ban bitcoin is just a statement but kind of meaningless. I'm sure the government is hiding a secret stash of bitcoins to hide their wealth.

Although it is true that this news, it seems not to be much affect the conditions in the market. the consensus that is being held is now of more concern by market participants. Plus Zimbabwe does not have much important role in the world of crypto, so I think this news will pass.

Not a surprising thing. If we do talk or stick into talking about on what kind of government they do have then its somehow expected for this kind of decision that they do made when it comes to involving its citizens to crypto.If trading is banned or prohibited then its sad for those people who do make such activity into that country. What would I expect into that kind of governance specially Zimbabwe?

That is not banning of cryptocurrencies and they are just give warning to there citizens because they did not give approvals to cryptocurrencies and it is not issues by them.  This warning is expected from every country since they did not linence any coin in cryptocurrencies market.

Not sure if real news or OP is just promoting his/their website. Seems like the latter though. I've been seeing these kinds of posts lately where these kinds of people are posting some random news just to promote their blog or news website.