Zimbabwe has taken its first definitive step toward regulating the cryptocurrency industry, introducing rules that require all crypto-related businesses to register annually with the country’s financial watchdog. The new framework, reported by Reuters, marks the end of a long period of legal uncertainty for digital asset firms operating in the southern African nation.

Annual Registration and a $500 Fee

Under the freshly published regulations, any company engaged in cryptocurrency trading, transfers, or custody services must register with the Financial Intelligence Unit (FIU) each year. The annual registration fee is set at $500. Operating without a valid license will now be treated as a regulatory violation, exposing firms to…