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# hyperinflation News

It's now becoming quite common for apex banks to take the law into their own hands and place blanket bans on cryptocurrencies even though they have little or no legal rights to make such drastic decisions. On May 11, 2018, the Reserve Bank of Zimbabwe (RBZ) barred citizens from owning,...
June 27, 2017 by at Altcoins, Bitcoin, News
The inflation rate of the Venezuelan bolivar has increased to triple digits, leading to a financial turmoil which Venezuelans have struggled to cope with over the past two years. As a result, families and households have turned toward bitcoin, a decentralized digital currency, to mitigate the financial damage inflicted by...
November 30, 2016 by at Bitcoin, Commentary, Finance, News
Zimbabwe’s economy has been struggling since President Robert Mugabe encouraged the takeover of commercial farms owned by white settlers in 2000. This sparked a chain of events that lead down the path of economic fragility and downturn. Zimbabwe's economic challenges are once again highlighted, as its sovereign currency is no...
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