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Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

[Sep 7 2:30 AM] Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still…

Binance Launches Mobile Money Feature for Crypto Transactions in Africa

[Aug 23 7:30 AM] Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial…

German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review

[Jul 14 6:05 AM] Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding…

Zambia to Outlaw Use of Foreign Currency, Criminals Could Face Jail Time for up to 10 Years

[Jul 5 10:26 PM] The Bank of Zambia has proposed a new series of guidelines that seek to outlaw the use of foreign currency, including the U.S. dollar, for local transactions. If finally approved, the document would establish harsh penalties for infringement…

Bitcoin-Focused Payments App Strike Rolls Out Services to Africa

[Feb 27 2:45 PM] Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.

Zambia to Wrap Crypto Regulation Tests by June: Report

[Apr 13, 2023 2:47 AM] The country is also exploring issuing a central bank digital currency.

Zambia’s crypto regulation tests to be wrapped by June: Report

[Apr 12, 2023 8:38 PM] According to Zambia Tech Minister Felix Mutati, the country needs digital identities and other necessary digital infrastructures before it introduces crypto.

Casting Stones From a Glass House: Yellen’s Comments on Zambia’s Debt Restructuring Draw Criticism From Chinese Embassy

[Jan 24, 2023 4:30 PM] The Chinese embassy in Zambia denounced the United States over its debt limit and the “extraordinary measures” Treasury secretary Janet Yellen has implemented to stave off a U.S. debt default. Yellen said on Monday that it was very…