The Reserve Bank of Zimbabwe has introduced a foreign exchange and gold-backed “structured currency” to replace the struggling local currency. The structured currency banknotes will be “fully convertible into the reserve currency on demand.” The central bank has also reduced the annual interest rate from 130% to 20%. Structured Currency Supported by Solid Fundamentals The […]Bitcoin NewsRead More
Related Posts
Groundbreaking Launch: PAW Chain Unveils the World’s First Layer 3 Centric Blockchain
PRESS RELEASE. The DeFi industry is about to experience a significant transformation with the launch of PAW Chain’s public mainnet. PAW Chain brings the world’s […]
Brazil Introduces Bill to Establish Strategic Bitcoin Reserve
Brazil’s Chamber of Deputies has formally introduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to diversify national financial assets and […]
Hong Kong Seeks Crypto Hub Status With Tax Breaks
Hong Kong is proposing tax breaks for hedge funds, private equity funds, and wealthy individuals investing in cryptocurrencies. Hong Kong and Singapore Vie for Top […]