I welcome 🙏🏾 Prof Mthuli Ncube’s comments on Bitcoin and bitcoin. “I think the attitude for Zimbabwe should be to invest in understanding innovations and, often, central banks are too slow in investing in these technologies. But there are other countries which are moving faster. If you look at the Swiss central bank they are investing in and understanding bitcoin. One can pay for travel using bitcoin in Switzerland.
So, if these countries can see value in this and where it’s headed, we should also pay attention. We have innovative youngsters; so the idea shouldn’t be to stop it and say don’t do this but rather the regulators should invest in catching up with them and finding ways to understand it, then you regulate it because you now understand it. I would actually encourage the central bank to create a unit to try and understand cryptocurrency.” #zimbabweeconomy #reservebankofzimbabwe #economy #rbz #cryptocurrency #bitcoin #blockchain
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