Zambia will follow in the footsteps of many of its neighbors in seeking central bank funds (CBDC), a survey expected by the end of this year. how to use bitcoin in zambia
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A day after Kenyas central bank revealed that Zambia was also testing its effectiveness, it urged the public to express its views on the possibility of acquiring digital currency before May 20. Nigeria became the first country in Africa to test a central bank called the Naira (CBDC).
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Zambias largest bank hopes to complete its search for a digital currency that could lower retail prices and increase participation in the official financial system in the fourth quarter.
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Criticizing Bitcoin and other currencies, Zambias central bank has said it will complete its CBDC investigation by the end of the year.
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The Bank of Zambia wants to reduce its trading value and increase its population in the financial system.
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