Zimbabwe launches study to map and regulate crypto industry
The Zimbabwean government has launched a study to create regulations for the virtual asset industry. A committee has been established to gather data from cryptocurrency companies operating in the country, with the aim of understanding the size and scope of Zimbabwe's crypto industry. The committee is accepting contributions from both local and international crypto firms until June 26. The study is expected to provide a comprehensive overview of the country's crypto sector and serve as a basis for future regulations. The government also aims to assess the risks associated with digital assets, such as money laundering and other illegal activities. The study is anticipated to result in a regulatory framework that will promote innovation and strengthen Zimbabwe's financial system. This move reflects the growing adoption of cryptocurrency in Africa, with several African nations, including Kenya, advancing in the development of the crypto industry.
