- Zimbabwe seeks public input on cryptocurrency regulations as it aims to develop policies for the virtual asset sector.
- A committee has been established to consult cryptocurrency operators in the country’s virtual asset ecosystem.
- The move comes as Zimbabwe grapples with financial instability, having recently launched a new currency and faced challenges with inflation.
Zimbabwe is gearing up to regulate cryptocurrency regulations, seeking public input to develop policies in the digital asset sector. In a statement published in the state-run Herald newspaper, the government revealed its intention to assess and understand the cryptocurrency landscape. inviting comments from all cryptocurrency service providers operating within or outside the country but offering services to Zimbabwean customers.
In line with global practices, the government has established a committee to consult with operators and compile their comments by June 26. The move by the southern African nation reflects a shift in sentiment towards digital assets, once viewed as highly speculative and risky.
While many nations remain hesitant to formulate a clear regulatory framework, Zimbabwe’s efforts…
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