The reserve Bank of Zimbabwe (RBZ) issued a decree according to which all financial institutions must immediately cease any transactions with bitcoin and other cryptocurrencies. About it writes the local edition of NewsDay.

A circular letter was sent to financial institutions Zimbabwe on Friday, may 11. In it, the Registrar of banking institutions RBZ Norman Mataruka noted that the Central Bank has shown this measure to protect users and support celostnosti and safety of the financial system.

According to the document, all financial institutions, including commercial banks and providers of mobile payment services, you must ensure that they do not use, do not sell, do not hold and do not translate the cryptocurrency. The ban also applies to banking services that may allow individuals and legal entities to make payments using the cryptocurrency.

In addition, it is not allowed to provide a range of services using digital currencies, including account opening and maintenance, registration, trade, clearing, retail payments and transfers, issuing loans and accepting of collateral.

Additionally, the RBZ gave the order to terminate any existing relationships with cryptocurrency exchanges for up to 60 days to return them money.

In a separate statement, Bank Governor of Zimbabwe John Mangudya warn the public about the dangers of cryptocurrency trading.

“Anyone who buys, sells, and carries out any other operations with cryptocurrencies, do so at your own risk and without protection of the Reserve Bank or any other regulatory authority of the country,” he said.

One of the largest cryptocurrency exchanges included Bitfinance Zimbabwe (Private) Limited and Styx24.

We will remind, in the end of 2017, the RBZ stated that bitcoin is not in Zimbabwe any legal status and are admitted to the market of the country it can only be after having developed an appropriate regulatory framework.