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Zimbabwe Introduces First Crypto Rules, Requires Registration for Service Providers

Zimbabwe Introduces First Crypto Rules, Requires Registration for Service Providers

  • Zimbabwe has introduced its first dedicated regulatory framework for the virtual-asset industry and approved a mandatory registration requirement for virtual-asset businesses.
  • Under the new rules, companies providing virtual-asset trading, transfer and custody services must register annually with the FIU and pay a $500 registration fee and a $400 renewal fee.
  • Zimbabwe’s regulatory move aligns with the broader push to formalize virtual-asset regulation across African countries, and its registration costs are relatively low compared with places such as Nigeria.

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Photo: Shutterstock
Photo: Shutterstock

Zimbabwe has introduced its first dedicated regulatory framework for the…

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