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Author Topic: [2016-08-02] Reserve Bank of Zimbabwe Labels Bitcoin as “Risky”  (Read 235 times)
jdebunt
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August 02, 2016, 07:21:36 AM
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The lack of cryptocurrency regulation is a thorn in the side for the Reserve Bank of Zimbabwe. Then again, this is to be expected from a financial institution which cannot exert control over Bitcoin. Consumers and retailers are free to do whatever they want, and if they prefer Bitcoin, the Reserve Bank of Zimbabwe will not be able to stop them.

http://fintechist.com/reserve-bank-zimbabwe-labels-bitcoin-risky/
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1Referee
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August 02, 2016, 10:15:10 AM
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Bitcoin risky? No kidding Sherlock! How long did it take them to figure this out? Beside that, it's quite funny that certain governments are trying to hold back such a tiny alternative currency as Bitcoin. That means only one thing.... They know what Bitcoin can do if it succeeds.

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August 02, 2016, 12:48:14 PM
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Zimbabwe is infamous for the most spectacular fiat currency failure in modern times:

"a can of Diet Coke cost 56 million Zimbabwe dollars in 2008"

http://www.telegraph.co.uk/news/worldnews/africaandindianocean/zimbabwe/10209980/Zimbabwes-banker-Gideon-Gono.html

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August 02, 2016, 01:30:37 PM
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This is so far beyond parody that it's almost impossible to comprehend.

Full marks for stating the obvious. Even more marks for it coming from them.
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