Zimbabwe is working on its first-ever crypto regulation, a significant policy turnaround after the Reserve Bank of Zimbabwe (RBZ) barred banks from processing cryptocurrency transactions in 2018.
In May 2024, the government-appointed National Risk Assessment Coordination Committee (NRACC) began consultations with crypto stakeholders to develop a regulatory framework. That consultation ended in June.
For crypto stakeholders, this regulationwhich may include issuing licences for crypto exchangeswill legitimise the industry.
NRACC did not respond to a request for comments.
The government has asked crypto players to form lobby groups, people familiar with the matter said.
