Omega Ukama 
THE Reserve Bank of Zimbabwe (RBZ) is sticking to its stance against cryptocurrencies as a form of legal tender in the country, with governor John Mangudya announcing this week that Harare is pushing ahead instead, with plans to introduce a central bank digital currency (CBDC).
With cryptocurrency having risen in prominence over the past few years on the back of the convenience and security of digital tokens, in addition to the anonymity a lot of them offer, central banks around the world have been exploring CBDCs as a response.
CBDCs are meant to represent fiat currency with the goal to provide users with the convenience of digital as well as the regulated, reserve-backed circulation of the traditional banking system.
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