Zimbabwe Invites Public Input As It Plans Policy For Cryptocurrency Regulation
- Zimbabwe is asking for public input on cryptoasset operations as it works on regulatory policy for the sector.
- The government has set up a committee to consult operators in the virtual-asset ecosystem, and it wants comments by June 26.
- The southern African nation last year issued a gold-backed virtual token as part of efforts to end decades of financial chaos.
The move by Zimbabwe to seek public input on cryptoasset operations and develop regulatory policies for the sector is a positive step towards embracing the potential of cryptocurrencies. By involving cryptocurrency service providers and consulting with operators in the virtual-asset ecosystem, the government is demonstrating a commitment to understanding and regulating this emerging industry. This approach can help foster innovation, attract investment, and promote financial stability in the country.
