Is Bitcoin Really Selling for $76,000 in Zimbabwe?


Zimbabwean and South African bitcoin traders are facing a major surcharge on the coin. Bitcoin traders in Zimbabwe and South Africa are seeing skyrocketing premiums on their bitcoin (BTC), according to a report from financial news outlet Fxstreet on July 2.Amid new capital controls in South Africa and Zimbabwe’s recent ban on local trading in foreign fiat currencies, local traders have reportedly seen asking prices of as high as $50,000 per 1 BTC if they attempt to purchase the coin from abroad.At press time, bitcoin is trading above $10,915 on South African crypto exchange Luno, according to CoinMarketCap data —…
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Is Bitcoin Really Selling for ,000 in Zimbabwe?

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