[Brief] Zimbabwe Mandates Crypto Firms Register With Central Bank
Core Summary Zimbabwe enacted Statutory Instrument 99 of 2026 on June 12, requiring all virtual asset service providers operating in the country to register with the Reserve Bank of Zimbabwe’s Financial Intelligence Unit. This marks a shift from the country’s eight-year-old crypto ban to formal regulation. Details Eight years ago, the Reserve Bank of Zimbabwe prohibited domestic banks from handling cryptocurrency. The new regulation requires all crypto firms to complete registration and submit to anti-money laundering and counter-terrorism financing reviews. This aligns with a broader African trend toward crypto regulation, with Nigeria and Kenya also advancing similar frameworks. ...