Zimbabwe Seeks Input from Crypto Firms on Virtual Asset Regulatory Frameworks


The ultimate aim of the Zimbabwean government is to provide a regulatory framework that is specific to the requirements and circumstances of the nation.

Stay in the know on crypto by frequently visiting Crypto News Today

The government of Zimbabwe is actively working on laws for the nation’s cryptocurrency market and is soliciting feedback from domestic and foreign cryptocurrency service providers.

CryptoCaster Quick Check:

The Zimbabwe Mail said that the government has formed a committee to collect data from cryptocurrency companies that provide services in Zimbabwe. The deadline for comments is June 26.

Zimbabwe seeks to control cryptocurrencies.

The initiative’s goal, according to Permanent Secretary for Information and Publicity Nick Mangwana, is to get a thorough grasp of Zimbabwe’s virtual assets ecosystem.


They want to assess the risks associated with cryptocurrency being “misused for money laundering, terrorism financing, and other illicit activities,” according to Mangwana.

“Given the anonymity and decentralization that characterize these digital assets, it is crucial to identify and mitigate any associated risks,” Mangwana added.

The goal of the Zimbabwean government is to provide a regulatory framework that is suited to the unique requirements and circumstances of the nation. The main goal of this framework is to strike a balance between protecting the integrity and security of the nation’s financial system and promoting innovation.

Zimbabwe uses crypto in an attempt to lessen its financial challenges.

The nation in southern Africa is making an effort to stay up with the expanding trend of bitcoin acceptance, especially in nations that are having financial difficulties.


Despite warnings from the International Monetary Fund, Zimbabwe created Zimbabwe gold (ZiG), a digital currency backed by gold that was issued by the central bank in May of last year.

After the digital currency backed by gold shown its viability, the government declared in October that it may now be used as a means of payment.

Zimbabwe has suffered from inflation and currency fluctuations for over a decade. In 2009, the country adopted the US dollar as its official currency after a period of hyperinflation.

2019 saw the government bring back the Zimbabwean dollar in an effort to strengthen the faltering economy. But a second, equally volatile cycle came right after it. To try and rein down inflation, the administration decided to use the US dollar once more last year. CRYPTOCASTER® - DECENTRALIZED FREEDOM!


e hope you enjoyed this article. Before you move on, we invite you to consider supporting CryptoCaster’s journalism.

Billionaire owners like Elon Musk, Larry Fink (BlackRock), and Jamie Dimon (JP Morgan Chase) often have a strong influence on the hidden agendas surrounding the paradigm shift brought about by cryptocurrency and emerging Web3 technologies. CryptoCaster stands apart. We have no billionaire owner or shareholders to please. Our journalism is dedicated to serving the public interest in crypto development and institutional disruptions, not profit motives.

We avoid the pitfall of much U.S. and global media, which often resorts to false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency guide everything we do, we recognize that there is a right and wrong stance in the fight against fiat global banking interests and the monetary reconstruction driven by the emerging crypto ecology.

When we report on issues like the FTX, Binance, and Ripple crises, we’re not afraid to name names and uncover the truth. As a crypto sentinel, we offer a fresh, outsider perspective on global monetary disruption—something often missing from the insular American and European media bubble.

CryptoCaster’s paywall-free journalism is accessible worldwide thanks to our unique reader-supported model. This is made possible by readers like you. Your support keeps us independent, free from outside influence, and accessible to everyone, regardless of their ability to pay for news and information.

We are grateful for the ongoing monetary support from our readers. If you haven’t yet considered supporting CryptoCaster, please consider contributing just once from $1 or more in Bitcoin (satoshi) or Ether, or even better, support us monthly with a bit more. Scroll further down this page to find CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like