Golix Exchange Wins Court Case Against RBZ Over Ban on Trading of Cryptocurrency
The High Court has reversed the ban imposed by the Reserve Bank of Zimbabwe on the trading of cryptocurrencies.
This came after the Reserve Bank of Zimbabwe had written to Golix, Zimbabwe’s first and biggest cryptocurrency exchange instructing them to stop trading in cryptocurrencies.
This sparked a legal battle in which Golix went to the High Court and filed an urgent chamber application for the RBZ ban to be lifted. Saying the bank’s ban of cryptocurrency trading was unconstitutional as there are no laws that empower it to make such legislative moves.
High Court judge Justice Alphas Chitakunye gave a default judgment in the case after the Reserve Bank of Zimbabwe failed to turn up to defend themselves.
Golix was represented by Hopewell Chitima and aspiring legislator Fadzayi Mahere. Read more about the case.
Get Bitzamp Latest Update By Downloading our Mobile App: Bitzamp – Cryptocurrency News – Apps on Google Play
Join Us On Telegram