Finance Minister Professor Mthuli Ncube yesterday put out a tweet saying he had visited the DMCC Crypto Centre in Dubai. If you have never heard the name DMCC before, the firm offers a number of services among them cryptographic blockchain, distributed ledger technologies among other services
I visited the DMCC CRYPTO CENTRE in Dubai, which is a fascinating incubation hub for crypto currency and payment solutions. Came across solutions that could lower charges for diaspora remittances. pic.twitter.com/krhW8EJHLE
— Prof. Mthuli Ncube (@MthuliNcube) September 9, 2021
If you have following the Reserve Bank of Zimbabwe’s protracted battle with crypto and their exchanges over the years then this visit by the Minister of Finance is both surprising and not and here’s why. After Golix was shut down, cryptocurrencies have been almost taboo for anyone in the upper echelons of government.
One of the leading theories behind the government’s distaste for cryptos is that…