Crypto currency can solve the financial problem of Zimbabwe: Minister of Finance

Less than two weeks after the appointment of Mtuli Nkubé as Zimbabwe's finance minister, the new head of the treasury could potentially begin a conflict with the central bank of the country due to the fact that the crypto currency is his priority for solving problems in the country.

According to Mtuli Nkube, who recently took over as finance minister of Zimbabwe, crypto-currencies can help a South African country solve the financial crisis that has been going on for the last two years. On the way to the implementation of this project, Nkubeh promised to push the Reserve Bank of Zimbabwe (RBZ) to create a crypto-currency unit, which will be entrusted to help the country's bank to better understand digital assets, IT IT Africa reported .

Working example

Nkoube exemplified Switzerland, in which the central bank of the European country adopted a more progressive position with regard to bitcoins and other crypto-currencies, the minister believes that Zimbabwe should copy this example.

"You can pay for the trip using bitcoin in Switzerland. So, if these countries can see the benefits of crypto currency, then we can do the same, "Nkube said . "We have young innovators, so the idea should not be to stop it and say, do not do it, but regulators need to invest and find ways to understand it (then), then you adjust it, because now you understand this . "