As you all know the Reserve Bank of Zimbabwe issued a directive instructing banks not to facilitate any cryptocurrency related transactions. They also strongly warned the public not to deal in cryptocurrencies. Further, the Reserve Bank wrote to Golix, Zimbabwe’s first and biggest cryptocurrency exchange instructing them to wind up operations.
Golix then went to the High Court and filed an urgent chamber application for the RBZ ban to be lifted.
The Reserve Bank of Zimbabwe did not show up to the court hearing at the High Court today and thus the High Court issued a default judgement in favour of Golix. This means that the ban imposed by
the RBZ has been suspended.
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