37 Comments on Zimbabwe High Court Overturns Reserve Bank’s Decision To Ban Cryptocurrency

  1. The reason I wouldn’t invest in Africa is that those guys will just turn around and kick you off your land. No respect for property rights. Might is right. Same reason Subsaharan africans have never built anything. They lack the cornerstone of civilisation – respect for private property and self-ownership. Free trade, free markets, liberty. Instead it’s rape, theft, murder, corruption.

  2. didn’t they drive all the whites out. the intellectual capital caused them trouble and now they have no capital.

    • Eric Dexter They are NOW BEGGING the white farmers to come back! NOT a JOKE and some are going back and are being welcomed by the locals as rock stars. The people at dirt level know how they benefitted from those farmers. They are glad to have them back. I think Zimbabwe may turn around and shock the world. The more the people see and understand free markets, the more likely they are to stop the statism.

    • Samual Whittemore

      They banned the whites so the whites deliberately sabotaged the economy just like in Venezuela.

    • King Facts TM
      Venezuela didn’t filter enough of their oil sales through Wall St and so they are being penalized for getting free pricing of oil through Wall St.
      Venezuela wants to be self sustainable through oil and doesn’t see a trade off is what is missing to make that happen.

    • Seaton1518 well the thing is I still don’t think Bitcoin is going to be the future there’s going to be some form of a cryptocurrency that will be the future right now they’re all competing to see which one that’s going to be the one that people use I don’t see any cryptocurrency that interest me enough to put money into it I want to see a in to in real-time encrypted peer-to-peer mesh Network using quantum entanglement you know the saying knowledge is power what I just explained was the next internet I heard of cryptocurrencies that does similar things I said except the quantum entanglement part the quantum entanglement part is key but that technology is still being worked on and just look Bitcoin Swift has dropping price where the Bitcoin cash has went up you could see a possibility that Bitcoin cash have another hard Fork and same with the Swift system because ultimately the end product of cryptocurrency isn’t fully seen yet and anyways cryptocurrency especially Bitcoin went up really high because a lot of normies got into it and don’t realize what it was used for and it blew up the currency so high eventually it drop back down but it doesn’t mean that it will go to zero

    • Seaton1518 well at that time I had no job and no money the next time I heard about it was when it was like 30 $40 when that country I believe Greece and started making people where they couldn’t withdraw money out of their ATM or bank account

    • Eureka_sevenfold
      Crypto is an energy production derivative. Energy now is subsidized to make it affordable for everyone. Crypto is free riding the system in place. So if in theory it is the market dominant exchange, then it goes up and down on energy production. So it always will be derived from that. Everything else, chip advancement aka processing advancements will always be an externality to the source, energy production. Base an economy on non-regulated energy production and watch everything else soar in price. Crypto is not the answer.

  3. Bank officials like their heads on their necks. Smart not to show up. Soon they’ll be hiding in the bush.

  4. we still have ppl using paper money that is printed on toilet paper. When are they going to change it to crypto?

  5. Living in Zimbabwe as a foreigner is like walking around with a bullseye on your back. The risks are not worth it.

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