Just five years after the Reserve Bank of Zimbabwe cracked down on cryptocurrency processing, the country’s stance on crypto seems to be softening and crypto ETFs could be on the way.

Finance and Economic Development Minister Professor Mthuli Ncube has admitted cryptocurrency is ‘actually unstoppable’ and indicated regulation for trading digital assets is on the way for Zimbabwe.

Crypto ETFs on the Victoria Falls Stock Exchange platform is part of the consideration.

Ncube was speaking during the Global Business Forum in Dubai, outlining investment opportunities in Zimbabwe.

## Zimbabwe 'Ready to Make Concessions'

He said the country is ready to make concessions on cryptocurrency, admitting it is impossible to run away from cryptocurrency.

He said: ‘Our view is that we do not want it to be a currency. Want this to be an investment class. Through the Victoria Falls Stock Exchange platform, we will try to create crypto based products there, which are ring fenced within the offshore zone.

‘We have taken the first step already and created a sandbox, at the Reserve Bank of Zimbabwe (RBZ), where the idea and everything else is being tested in a safe regulated environment where it will then migrate to this safe Victoria Falls environment.’

Ncube continued: ‘I was actually quite surprised, I think easily, 30 per cent of our youth are invested in crypto, easily. It is actually unstoppable, but the idea is to then regulate it properly; create a safe environment for everyone.’

## Partnership With Dubai Investor

The Ministry of Finance is, he said, working with an investor in Dubai to develop a crypto index, which requires the Zimbabwean Treasury to work out how to weight a crypto product.

Ncube added: ‘So, once we have the weights of the various crypto assets arising from rating, we can then create an index; on the back of the index, you can then create a crypto ETF (exchange traded fund).

‘That is what we are looking at and some investors are working with us to create the exchange traded funds; it's up to the investors to do that, our job is to support.

‘But we invested a lot in trying to understand it; so that is where we are heading in terms of crypto currencies.’

For more Business & Markets news, see [here.](/news/category/crypto-business-news)

Zimbabwe Latest News: Thumbs Up to Crypto ETFs

It’s time to talk hardware wallets.

Ask 10 people if they have invested in cryptocurrencies and at least one will tell you that they have. It is a number that is expected to grow exponentially, and the prices of cryptocurrency, like bitcoin and ether, are expected to continue upward as well.

More investors are going to be joining the party. As some people dive into the cryptoverse, they are unknowingly taking a risk by allowing their digital assets to sit “idly” across an array of exchanges.

This is where they can be an enticing target. Hackers are increasingly probing cryptocurrency exchanges with the hopes of discovering security vulnerabilities.

In 2020, $3.78 billion-worth of digital assets were stolen according to Atlas VPN.

One of your best defences against this activity is a hardware wallet - a device that can completely isolate your digital assets from the danger of hackers. A hardware wallet is very much like a USB drive and they are becoming an essential piece of hardware in the evolving cryptocurrency ecosystem.

If you’re like me, you bought your first cryptocurrency from a popular exchange then continued to broaden your horizons by transferring your digital assets to other exchanges. It’s not uncommon for people to have their cryptocurrency “portfolio” spread out across multiple exchanges.

By investing in a hardware wallet, you can have the peace-of-mind that comes from knowing your tokens are safely stored in one location on a secured device that is segregated from the internet.

Here are five hardware wallets you may want to consider:

## Ledger 

 **Nano X** **($119) &** **Nano S**

People in more than 165 countries rely on the Ledger Nano X and Nano S to protect their cryptocurrencies. They are simply the most popular, best-selling hardware wallets on the market. The Ledger Nano S is perhaps the simplest wallet to use for those new to the sport while the pricier, more technically advanced Nano X comes with Bluetooth connectivity and the capability of storing and securing over 1,800 coins and tokens including Bitcoin, Ethereum, XRP and more.

## [Trezor Model T](https://shop.trezor.io/product/trezor-model-t) **($169)**

The allure of the Trezor model is its ability to serve as the master access key to all your digital assets, and it ranks very highly in terms of security. You can store and encrypt your Bitcoin public keys, passwords, and other digital tokens with this hardware wallet. This model is capable of supporting over 1600 tokens.

## [Coldcard Hardware Wallet](https://store.coinkite.com/store/coldcard) **($119)**

This model is a Bitcoin-only wallet, but it is very secure. The Coldcard resembles a small calculator and is built to function independently of your computer. It is highly functional and has a bright screen that is easy to read. This wallet also uses a security chip to prevent anyone that might have physical access from stealing important information like pin codes without your being aware.

## [BitBox02](https://shiftcrypto.shop/en/?u=111102252101971482221331687) **($115)**

The BitBox02 is one of the easiest wallets to work with and can be set up in minutes. It supports more than 1,500 types of cryptocurrencies and comes with an innovative touch slider technology.

## [OPOLO Cosmos](https://secure.opolo.shop/) **($199)**

This is a model that seems particularly popular with Android users. The Cosmos is a hardware wallet that offers great anti-theft protection, USB encryption, and showcases a beautiful 3.2-inch touch screen. This wallet even works with its own desktop app. The OPOLO wallet app comes with a built-in coin swap option allowing users to swap any coin or token within the app.

### Which Wallet is Best?

Only you can decide which hardware wallet is the best fit for you. Clearly define your own goals for _why_ you want a hardware wallet. What digital assets do you own? What do you hope to achieve (or avoid) with the use of a hardware wallet? Every investor is unique and based on the different features of all the hardware wallets on the market, be thorough in your research and select the model most closely aligned with your investing activities and goals.

Hardware Wallets for Cryptocurrency

Uniswap Labs has recruited respected former Washington operative Hari Sevugan.

The appointment of the former senior spokesman for President Barack Obama comes amid efforts to define a regulatory strategy for crypto in the US capital.

Sevugan joins, Uniswap Labs, the largest exchange in decentralised finance (DeFi), as communications chief.

He will manage public-facing communications for the developer behind Uniswap which, according to a spokesperson quoted by CoinDesk, will include ‘helping the company tell its story to existing users and new audiences and managing media affairs’.

## Sevugan Has Tech Experience

Sevugan brings an impressive CV, including serving as Obama’s senior spokesperson for the 2008 presidential campaign, the deputy campaign manager for brand and media for former Mayor Pete Buttigieg’s 2020 presidential campaign and as the national press secretary for the Democratic National Committee.

CoinDesk quoted Sevugan as saying he had some tech experience as well, having ‘worked with several tech companies and with founders at a political-tech incubator’.

## Crypto is Seen Through 'Lens of Value'

It goes on to quote him as saying: ‘Politics, when done right, is also about taking complex issues of policy and making them understandable to everyone so everyone feels a sense of ownership over those decisions. Crypto is opaque and intimidating to many outside of it. I want to help more people connect to it by making it more relatable and understandable.’

‘One of the fundamental challenges, by virtue of what makes headlines, is that crypto is seen only through the lens of value, and not values.’

This is the latest executive level hire by Uniswap Labs, following the appointment of Mary-Catherine Lader as chief operating officer.

To find out more about Uniswap, including the latest price, visit [Learn Moni](/articles/learn-moni).

Former Obama Aide Joins Uniswap

Vladimir Putin, the President of Russia, believes cryptocurrencies have value but are not yet ready to be part of energy trading.

Saying it was too early for crypto to replace the US dollar in oil trades, Putin also pointed to the energy consumption of cryptocurrencies as a possible obstacle to widespread use.

His comments come just months after Alexander Novak, Russia’s deputy prime minister, suggested the country could abandon the use of US dollars for oil contracts in response to ongoing economic sanctions.

## 'Crypto Has Value'

Putin was speaking at the Russian Energy Week event in Moscow on Wednesday when he said it’s ‘too early to talk about the trade of energy resources in crypto’.

In conversation with CNBC’s Hadley Gamble, Putin added: ‘I believe that it has value, but I don’t believe it can be used in the oil trade.

‘Cryptocurrency is not supported by anything as of yet. It may exist as a means of payment, but I think it’s too early to say about the oil trade in cryptocurrency.’

While Putin believes it may be too early for crypto to trade Russia’s key export, oil, he was outspoken about reliance on the dollar.

Putin told [CNBC](https://www.cnbc.com/world/?region=world): ‘I believe the US makes a huge mistake in using the dollar as a sanction instrument. We are forced. We have no other choice but to move to transactions in other currencies.

‘In this regard, we can say the United States bites the hand that feeds it. This dollar is a competitive advantage. It is a universal reserve currency, and the United States today uses it to pursue political goals, and they harm their strategic and economic interests as a result.’

Crypto has ‘Value’ - Putin

Bitcoin regulation is on the way, and the leading cryptocurrency is ‘worthless’.

That’s the view of JPMorgan Chase & Co chief executive Jamie Dimon.

He said: ‘No matter what anyone thinks about it, government is going to regulate it. They are going to regulate it for (anti-money laundering) purposes, for (Bank Secrecy Act) purposes, for tax.'

Dimon was speaking at the [Institute of International Finance](https://www.iif.com/) Annual Membership Meeting earlier this week.

The head of the largest US bank has been an outspoken critic of crypto, but over the summer JPMorgan gave wealth management clients access to cryptocurrency funds. That means the bank's financial advisers can accept buy and sell orders from clients for five cryptocurrency products.

## Regulation Won't Have Immediate Impact

His comments on bitcoin regulation didn’t appear to have any immediate impact on markets.

Dimon made it clear his views are different from the banks, but said he remains sceptical.

He added: ‘I personally think that bitcoin is worthless. I don't think you should smoke cigarettes either.

‘Our clients are adults. They disagree. If they want to have access to buy or sell bitcoin - we can't custody it - but we can give them legitimate, as clean as possible access.’


Cryptocurrency Regulation is Coming

The United States is now the number one Bitcoin mining location after China announced plans to restrict cryptocurrency activity in the nation.

Bitfury, a US-based mining company, has recently opened a mining facility after receiving $80 million in funding from an international investor. Bitfury will be setting up its mining center in Georgia and is expected to provide over 100 jobs for Georgian citizens with salaries around $50,000 a year.

## Georgia Becomes Mining Hub

Georgia is known for being one of the friendliest countries in the world for Bitcoin miners and miners from all over the world have been flocking to set up mining centres in Georgia.

This move comes after China announced its plans to crackdown on cryptocurrency activity within the nation's borders. Mining centres are now expected to be set up in parts of the world that are more crypto-friendly, with Georgia being one of them.

For more Business news, see [here](/news/category/crypto-business-news).

Latest Moni

Crypto Business News | Page 24

Read the latest crypto business and market news from around the world.

Zimbabwe Latest News: Thumbs Up to Crypto ETFs

Hardware Wallets for Cryptocurrency

Former Obama Aide Joins Uniswap

Crypto has ‘Value’ - Putin

Cryptocurrency Regulation is Coming

US Top Location for Mining After China's Crackdown

Axie Infinity Coin: Origin a Gamechanger?

BTT Crypto: BitTorrent Token Price

Singapore Regulator’s Clampdown on Crypto