Bitcoin [BTC] and other cryptocurrencies are not a legal tender in the Republic of Zambia
Recently, Bank of Zambia [BoZ] issued a public notice on Bitcoin [BTC] and other cryptocurrencies. The notice stated that cryptocurrencies are not a legal tender in the Republic of Zambia as it is not issued by the Bank of Zambia.
The central bank of Zambia stated that they have witnessed an increase of the public interest in cryptocurrencies because of the significant rise in enquiries related to them. The bank said that virtual currencies are not a legal tender in the country irrespective of them having “monetary characteristics”. For this, they quoted the example of virtual currencies used as a mode of payment between two individuals.
https://ambcrypto.com/bitcoin-btc-and-other-cryptocurrencies-are-not-a-legal-tender-in-the-republic-of-zambia/
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