Bitcoin News Is Not For Sale

Please don’t skip this message — it only takes a few minutes to read. Sorry to bother you, but time is running out.

Bitcoin is freedom. If you think independent media that is bitcoin-only is important, if you believe information and education about bitcoin matters for adoption, and if you have gained something from our work, we would be grateful if you could chip in $21. 

Join the 2% of our readers who occasionally make a donation. If everyone reading this donated just $21, we would reach our target in a couple of hours. $21 won’t break you, we hope.

To cover the cost for our servers, editors, writers, and thumbnail artists we rely on our readers’ generous support. 

How You can chip in:

  • Send sats as a tip to a writer. Each and every one of our writers has an active tipping widget.
  • Join our campaign on Awesome perks are waiting for you such as the Bukele Blend Coffee.

Your support ensures that Bitcoin News stays independent with a laser focus on Bitcoin and only Bitcoin.

Funding Progress

Zimbabwe Lifts Crypto Ban after Reserve Bank Misses Court Appearance

written by

Zimbabwe Lifts Crypto Ban after Reserve Bank Misses Court Appearance

Support free journalists: > send a tip

The High Court in Harare, Zimbabwe has issued an interim order lifting the nationwide cryptocurrency ban decreed by the Reserve Bank of Zimbabwe on 11 May 2018. Apparently, officials from the Reserve Bank, including Governor John Mangudya, failed to show up at court, resulting in a default judgement against them.

The lawsuit was brought forth against the Reserve Bank of Zimbabwe by Golix, a cryptocurrency exchange which is based in Africa and one of three primary cryptocurrency exchanges that operate in Zimbabwe, the other two being Bitfinance and Styx24.

In the lawsuit, Golix argued that the Reserve Bank of Zimbabwe had no jurisdiction to ban cryptocurrency, since that is equivalent to lawmaking which is a power reserved for parliament. Therefore, by banning cryptocurrency, the Reserve Bank was infringing on the parliament’s power.

The temporary lifting of the ban has brought great relief to Zimbabwean cryptocurrency traders. Golix is hoping to get back to business immediately and is aiming to begin processing trades in their order book which has been on halt due to the ban.

It is unknown whether banks will cooperate with the temporary lifting of the cryptocurrency ban. There was supposed to be a 60-day grace period after the issuance of the decree which occurred on 11 May 2018, but within a week banks were already refusing to facilitate withdraws from Golix. Since the banks didn’t even follow the order of the Reserve Bank of Zimbabwe to give cryptocurrency users 60 days to get their affairs in order, it seems they have some independence regarding the decision to allow cryptocurrency trading through their respective banks, and if they decide not to cooperate Golix won’t be able to function.

While this is a big win for cryptocurrency in Zimbabwe, it is only a temporary order and there will have to be more court proceedings before a final decision is made. The only thing that is certain is a big legal battle is about to ensue between cryptocurrency and the Reserve Bank of Zimbabwe, and this battle will determine cryptocurrency’s future in the Southeast African nation.


Follow on Twitter at

Telegram Alerts from at


Help spread this article :) is NOT INVESTMENT ADVICE

Opinions expressed are entirely their own and do not necessarily reflect those of

For informational purposes only. Individuals and entities should not construe any information on this site as investment, financial, legal, tax, accounting or other advice. Information provided does not constitute a recommendation or endorsement by to buy or sell bitcoin, cryptocurrencies or other financial instruments. Forecasts are inherently limited and cannot be relied upon. Do your own research and consult a professional advisor. The opinion of authors do not reflect those of 


Read More Bitcoin News


Join our Newsletter


Latest on Bitcoin News

Video of the Week

Join our Newsletter