Zimbabwe launches study to map and regulate crypto industry

Zimbabwe launches study to map and regulate crypto industry
фото показано с : cryptoslate.com

2024-6-13 20:00

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 get a clearer picture of its scope and scale.”

He also emphasized the importance of assessing digital assets risks, such as money laundering and other illicit activities. Mangwana noted:

“Our objective is to evaluate the dangers of cryptocurrencies being misused for money laundering, terrorism financing, and other illicit activities. Given the anonymity and decentralization that characterize these digital assets, it is crucial to identify and mitigate any associated risks.”

The study is expected to lead to the creation of a comprehensive regulatory framework that will foster innovation and strengthen Zimbabwe’s financial system.

Meanwhile, these efforts reflect how crypto adoption has surged in Africa. Many Africans use crypto to bypass banking and foreign exchange rate restrictions, and governments are starting to recognize the asset benefits for their citizens.

As a result, several African nations, including Kenya, are progressing in developing the crypto industry.

The post Zimbabwe launches study to map and regulate crypto industry appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Vice Industry Token (VIT) на Currencies.ru

$ 9.59E-5 (+0.36%)
Объем 24H $8
Изменеия 24h: 0.01 %, 7d: -71.49 %
Cегодня L: $9.59E-5 - H: $9.59E-5
Капитализация $276.56k Rank 99999
Доступно / Всего 2.884b VIT

industry crypto government zimbabwe study mail established

Источник: cryptoslate.com

industry crypto → Результатов: 126


Rep. Tom Emmer’s Election As House Speaker Fuels Crypto Industry’s Prospects In The US

Rep. Tom Emmer’s election as House Speaker has emerged as a potential catalyst for support within the US legislative framework in a significant development for the crypto industry.  Known as the US Congress ‘Crypto King’ due to his deep knowledge and advocacy for the nascent industry, Emmer’s selection by the GOP as their new speaker […]

2023-10-25 06:00


War On Bitcoin And Crypto: Here’s How The Industry Will Win

If the US Securities and Exchange Commission’s (SEC) Wells Notice against Coinbase makes anything clear, it’s that the agency is at war with the crypto industry. Coinbase is the poster child for the American crypto industry and has always been committed to regulatory compliance and license registration – otherwise, the exchange wouldn’t have been able […]

2023-3-23 12:30


Addressing the concerns of Crypto trading industry through revolutionary products and prime brokerage services

As the activities in the crypto space heighten up, leading to a road of massive adoption, DeFi remains a critical driver for what we witness today. While Bitcoin has gained momentum and Ethereum is on the journey of addressing its scaling issues, the DeFi and CeFi industry are in the quest of outplaying each other […] The post Addressing the concerns of Crypto trading industry through revolutionary products and prime brokerage services appeared first on NullTX.

2021-5-9 10:13


Industry Leader Claims U.S. Outlawing Crypto Ownership Would be “Worst Case Scenario”

Although most of the crypto industry has long known that the US is far behind other countries in terms of implementing “do no harm” regulations on nascent markets, recent comments from President Donald Trump and Treasury Secretary Steve Mnuchin have signaled that rather than creating a “sand-box” regulatory environment for Bitcoin and cryptocurrencies, they will.

2019-7-24 01:00


‘Libra Is Screwed’: Industry Insiders Ring Death-Knell for Facebook’s Crypto

Blockstream chief strategy officer Samson Mow pulled no punches with Facebook’s much-hyped crypto, Libra. He is not the first industry insider to criticize the planned crypto launch, both industry experts and lawmakers are voicing concerns over the security of the open-source currency, and the potential censorship issues that come from the way it is being […] The post ‘Libra Is Screwed’: Industry Insiders Ring Death-Knell for Facebook’s Crypto appeared first on CCN Markets

2019-7-18 13:27


stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

2019-6-18 20:59


stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

2019-6-17 19:00


stableDEX.io: A Stablecoin Exchange that will Revolutionize the Crypto Trading Industry

Cryptocurrencies have been a booming industry for the past several years and there seems to be more potential for this industry in the future, especially due to the growing acceptance and continued developments like the introduction of stable coins which address and solve the issue of excessive volatility and market inefficiencies in the crypto space.

2019-6-18 18:15


Фото:

A Truly Community Driven Platform! #HODL the EXP Token and Get a Share of the Exchange’s Profits! Here’s How

Cryptocurrencies have changed the face of the modern economy. With rapid expansion of the crypto industry the trading volumes of the cryptocurrencies have also been on an exponential rise. The boom in the crypto industry seemed to have generated considerable interest in the centralised industries as well with many of them issuing tokens on the Ethereum protocol using the ERC20.

2018-10-31 19:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Zimbabwe asks for public comments to create crypto framework

Zimbabwe is seeking public comments on crypto regulation as the country aims to integrate emerging tech into its economic framework. Zimbabwe has called for public feedback on crypto operations as it crafts a policy framework for the burgeoning sector, Bloomberg…

Zimbabwe Sells Millions of Gold-backed Crypto Tokens, Shrugs off IMF Advice

Zimbabwe ignored the International Monetary Fund’s (IMF) caution and engaged in the sale of its gold-backed crypto tokens. As a result, the Reserve Bank of Zimbabwe recorded huge success selling its gold-backed digital assets worth 14 billion in its native currency or 39 million in United States dollars.