Zimbabwe moves to regulate crypto sector, requiring firms to register with central bank: Reuters
The Block·
60-second summary
Zimbabwe's central bank is requiring crypto firms to register with them, with an initial fee of $500 and a $400 annual renewal cost. Unregistered operations are now considered an offense. This move aims to provide a regulatory framework for the crypto sector, potentially increasing investor confidence and paving the way for mainstream adoption in the country.
Registration costs an initial $500 with renewal costing $400 a year, and operating without registration is now an offense, according to Reuters.