Zimbabwe is seeking comments on the crypto industry to establish policy for the sector, media outlets reported on Wednesday.
The government has set up a committee to consult operators in the digital asset space, and it wants comments by June 26.
Countries worldwide have been looking to understand crypto and regulate the nascent sector. South Africa recently started registering companies and Nigeria has been establishing how to approach crypto in recent years.
“In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the cryptocurrency landscape,” the government said in a statement published in the state-run Herald newspaper Wednesday. It’s “inviting all cryptocurrency service providers,” whether operating inside or outside the country but providing services to people in Zimbabwe, to provide comments.
Zimbabwe does not rank as high as Nigeria in Chainalysis’s report that looks at the global crypto activity. Chainalysis places Zimbabwe’s overall index ranking at 103 and Nigeria in second place, and Kenya in 21. Zimbabwe does however surpass over 50 nations in its crypto use in the 2023 ranking.
CoinDesk reached out to Zimbabwe’s Securities and Exchange Commission and central bank for comment.
Update (June 12 09:53): Adds comment request line at the bottom.
Read More: Zimbabwe Is Seeking Comments on the Crypto Industry: Report
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. coinzoop.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Zimbabwe Is Seeking Comments on the Crypto Industry: Report
Zimbabwe is seeking comments on the crypto industry to establish policy for the sector, media outlets reported on Wednesday.
The government has set up a committee to consult operators in the digital asset space, and it wants comments by June 26.
Countries worldwide have been looking to understand crypto and regulate the nascent sector. South Africa recently started registering companies and Nigeria has been establishing how to approach crypto in recent years.
“In line with global trends and best practices, Zimbabwe is embarking on an exercise to assess and understand the cryptocurrency landscape,” the government said in a statement published in the state-run Herald newspaper Wednesday. It’s “inviting all cryptocurrency service providers,” whether operating inside or outside the country but providing services to people in Zimbabwe, to provide comments.
Zimbabwe does not rank as high as Nigeria in Chainalysis’s report that looks at the global crypto activity. Chainalysis places Zimbabwe’s overall index ranking at 103 and Nigeria in second place, and Kenya in 21. Zimbabwe does however surpass over 50 nations in its crypto use in the 2023 ranking.
CoinDesk reached out to Zimbabwe’s Securities and Exchange Commission and central bank for comment.
Update (June 12 09:53): Adds comment request line at the bottom.
Read More: Zimbabwe Is Seeking Comments on the Crypto Industry: Report
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. coinzoop.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.