The Zimbabwean government has initiated a study to develop regulations for the virtual asset industry.
On June 12, the Zimbabwe Mail reported that the government had established a committee to collect data from crypto companies operating within the country. This study aims to provide a detailed understanding of the country’s crypto industry, including its size and scope.
The committee is inviting contributions from both local and international crypto firms. The submission deadline is June 26.
Study to usher in regulatory clarity for Zimbabwe
Nick Mangwana, Zimbabwe’s Permanent Secretary for Information and Publicity, described the study as a ‘comprehensive project.’ Its goal is to offer an in-depth overview of the country’s crypto sector and serve as a foundation for future regulations.
He stated:
“Firstly, we aim to determine the nature and extent of the cryptocurrency ecosystem in Zimbabwe. This involves mapping out the various actors and activities within the space to ge
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