Zimbabwe's Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies – Fintech Bitcoin News

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Zimbabwe's Central Bank Exploring CBDC, Reiterates Opposition to Cryptocurrencies – Fintech Bitcoin News
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The central bank says it is now “actively exploring the feasibility of adopting a Zimbabwean CBDC including specific design considerations.' cbdc rbz cryptocurrency

Zimbabwe’s central bank, which has expressed its opposition to cryptocurrencies in the past, announced yesterday it is presently exploring the feasibility of rolling out its own central bank digital currency . The bank also said its regulatory sandbox continues to garner interest.The Zimbabwean central bank, the Reserve Bank of Zimbabwe , has reiterated that it prefers a central bank digital currency to cryptocurrencies, in its latest.

In this context, the Bank is developing a clear roadmap for adopting CBDC, encompassing the feasibility and assessment stage currently taking place, policy design stage based on results of the feasibility study and implementation modalities.Fintech Regulatory Sandbox

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