Zimbabwe plans to come up with a crypto regulatory framework
- Zimbabwe has launched a public consultation on cryptocurrency to recommend a regulatory framework for cryptocurrency service providers.
- A multi-stakeholder committee has been formed to consult with cryptocurrency ecosystem stakeholders.
- Participation in the consultation is open to all cryptocurrency service providers, whether based in Zimbabwe or outside the country but serving Zimbabwean customers.
The launch of a public consultation on cryptocurrency in Zimbabwe is a positive step towards establishing a regulatory framework for cryptocurrency service providers. By involving stakeholders and assessing the risks associated with cryptocurrencies, the government can ensure a safer and more transparent cryptocurrency ecosystem. Additionally, the introduction of ZiG as the official currency and the reinstatement of mobile money services demonstrate the government's efforts to stabilize the economy and promote financial inclusion.
