Zimbabwe Enforces New Crypto Regulations to Combat Money Laundering
- Statutory Instrument 99 of 2026 requires crypto firms to register with the Reserve Bank of Zimbabwe (RBZ).
- Virtual asset service providers must pay a $500 annual fee and comply with the FATF Travel Rule.
- The legislation aims to prevent money laundering and keep Zimbabwe off the FATF grey list.
- Economists believe this framework could protect fintech firms from sudden regulatory shutdowns.
Zimbabwe has implemented a new regulatory framework for its cryptocurrency sector, requiring all crypto entities to register with the RBZ. This move is part of an effort to combat financial crime and integrate digital assets into the formal economy.
By enforcing these regulations, Zimbabwe aims to ensure compliance with international standards and provide a stable environment for fintech growth, potentially shielding companies from abrupt legal changes. (Source)
