The crypto currency exchange Golix left Zimbabwe because of the pressure of the Central Bank. Response regulator

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2018-06-12 11:30:06

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The crypto currency exchange Golix left Zimbabwe because of the pressure of the Central Bank. Response regulator

last week, the cryptocurrency exchange Golix announced his departure from Zimbabwe in another jurisdiction due to the pressure of the Central Bank of the country. Now the regulator has explained its position in relation to the exchange. According to officials, trading platform allows you to trade currencies which are not regulated and not licensed to conduct banking activities. About it writes .

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Example of the regulation of cryptocurrencies

According to the head of the Central Bank of the country John Munguti, the absence of a license — the main complaint of the Department to the management exchange.

Although Golix is not an organization licensed to provide banking services, the company continues to serve clients as a financial organization. These services include selling, buying and exchanging of cryptocurrencies. To implement these operations require special permission.

Sangudi added that the Central Bank accepts the cryptocurrency, however, while assessing the impact of digital money on the economy. During the "transition period", the regulator has prohibited banks from maintaining accounts in digital currency.

according to the publication, now in Zimbabwe there is a shortage of cash. The cryptocurrency will enable the citizens to solve this problem and to preserve their savings from inflation, the size of which is several tens of percent per year. While the authorities of the African countries are not ready to meet the needs of the citizens.

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