Zimbabwe’s Largest Cryptocurrency Exchange Ordered To Shut Down

Last week Tuesday, the Reserve Bank of Zimbabwe (RBZ) sent a directive to Golix instructing them to cease all operations in relation to virtual currency exchange.

Techzim reports that before the directive to cease operations, RBZ directed Banks not to associate with Golix. The public was also told not to associate with them .

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The RBZ gave banks 60 days to disassociate themselves with cryptocurrencies but in less than two weeks the central bank is trying to resolve this as swiftly as possible.

More: Techzim

GolixReserve Bank of Zimbabwe

Golix is a Cryptocurrencies exchange in Zimbabwe. Golix was founded in December 2014 and was initially called BitFinance while their exchange was called Bitcoin Fundi. The company was founded by Tawanda Kembo and Verengai Mabika. In May 2018, Golix was ordered to shut down operations... Read More About Golix

The Reserve Bank of Zimbabwe (RBZ) is the central bank of Zimbabwe. Its offices are located at number 80 Samora Machel Avenue in Harare. The Reserve Bank of Zimbabwe operates under the Reserve Bank of Zimbabwe Act, Chapter 22: 15 of 1964. The Act provides... Read More About Reserve Bank of Zimbabwe

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