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Zimbabwe’s New Finance Minister Advocates Government Cryptocurrency Unit

The newly appointed Finance Minister of Zimbabwe is pushing for the formation of a cryptocurrency unit to help guide government policy relating to the technological and financial innovation. According to a report in local news publication ItWebAfrica, the newly appointed Zimbabwean Finance Minister, Mthuli Ncube, believes that the answer to the nation’s ongoing financial woes could be cryptocurrency. He said:“Zimbabwe should be investing in understanding innovations and often central banks are too slow in investing in these technologies. To remedy the extensive troubles faced in Zimbabwe, Ncube feels that the government needs to explore Bitcoin with a designated cryptocurrency unit. If it transpires that the government wants to hold Bitcoin itself, Zimbabwe would become the first nation to openly admit investing in the number one cryptocurrency.

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Wednesday, September 19, 2018