Zimbabwe Nears Completion of Legal Framework for Gold-Backed Digital Tokens

Zimbabwe Nears Completion of Legal Framework for Gold-Backed Digital Tokens

The Reserve Bank of Zimbabwe(RBZ) intends to roll out a digital currency supported by gold in order to stabilize the Zim dollar. These tokens are basically electronic money underpinned by the central bank’s gold reserves, which will provide holders of the local currency with an opportunity to safeguard against its instability. The laws for those digital tokens backed by gold …

Continue Reading