We caught up with Head of Operations, Golix, Panashe Tapera, during the African Blockchain Conference in Kampala, Uganda, to discuss the recent Zimbabwe crypto ban, the outcomes, and the company’s expansion plans.
Few countries in Africa have taken such a bold move to ban crypto exchanges as Zimbabwe attempted to do early last month. The Zimbabwe Reserve Bank sent out letters to banks to close crypto exchanges accounts, and eventually to Golix, the largest crypto exchange in Zimbabwe, to stop operations.
The high court of Zimbabwe however overturned this decision and Golix are back operating as an exchange.
Expansion Beyond Zimbabwe
The recent attempted ban however has brought about the need for regulation for crypto exchanges in Zimbabwe, if not across Africa. As a result, Golix has now expanded its operations to Uganda and Kenya.
In addition, the exchange is still moving ahead with its Initial Coin Offering (ICO) where it hopes to raise $32M to expand and grow its operations.
Golix is the largest cryptocurrency exchange in Zimbabwe. The Golix platform is used for remittances and international payments in Zimbabwe and now expanding to other African countries.