📢Good news! Zambia is moving forward with regulations to ban the use of foreign currencies (including the US dollar) for local transactions, which is undoubtedly great news for cryptocurrencies such as Bitcoin! 🎉

The Bank of Zambia has released a draft document to the public that includes some relevant measures aimed at strengthening the use of the country's legal currency, the Kwacha. The document proposes a prison sentence of up to ten years for those who use currencies other than the Kwacha to conduct transactions, and heavy fines for citizens who violate these regulations. 😮

The rules are expected to be formalized by the Minister of Finance and the Minister of National Planning, and may affect the way Zambians and tourists conduct trade in the country. But for us Bitcoin advocates, this is undoubtedly great news! 🎊

Let us look forward to this new regulation in Zambia, and let us look forward to greater breakthroughs in Bitcoin in the future! 🚀