Ethiopia News News Ethiopia » Cryptocurrencies: Ethiopian Central Bank: Business Transactions Using Bitcoin Are "Illegal"
News channel or source: https://www.nasdaq.com/articles/ethiopian-central-bank%3A-business-transactions-using-bitcoin-are-illegal
Published on: Monday 06 June 2022
The National Bank of Ethiopia issued a statement reminding its citizens that business transactions made with bitcoin and other cryptocurrencies are “illegal”. Ethiopia’s central bank issued a ...
News Ethiopia » Cryptocurrencies: Dollar Squeeze, Accelerating Inflation Pummel Ethiopian Currency
News channel or source: https://www.bloomberg.com/news/articles/2022-06-09/dollar-squeeze-accelerating-inflation-pummel-ethiopian-currency
Published on: Wednesday 08 June 2022
Surging inflation and a shortage of hard currency in Ethiopia are driving up the price of US dollars on the black market and spurring increased use of cryptocurrencies. The birr traded at 82 per ...