Zimbabwe Successfully Launches Gold-Backed Digital Currency, Raises $38.9 Million in Token Sales
Despite an IMF warning, Zimbabwean authorities successfully launched sales of its digital currency. A total of 14 billion gold-backed tokens were sold for a total of $38.9 million. Central Bank of Zimbabwe received 135 applications to buy the national digital currency. ...
Zimbabwe Spends Gold Reserves to Secure Digital Currency, Faces IMF Criticism
Reserve Bank spent 140 kg of gold to secure coins And announced a new token sale IMF warns it is a direct threat to the state's coffers Zimbabwe spent about 140 kg of gold reserves to secure and conduct its first digital money sale. The project is des ...