Zimbabwe Government-Appointed Committee Aims to Understand Local Cryptocurrency Ecosystem

The Zimbabwean government has formed a multi-stakeholder committee, tasked with consulting stakeholders in the cryptocurrency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), aims to determine the nature and extent of the cryptocurrency ecosystem in Zimbabwe. It will also evaluate the risks associated with cryptocurrencies, such as their potential misuse for money laundering, financing terrorism, and other illicit activities. Ultimately, the NRACC will propose a suitable regulatory framework for cryptocurrencies and their service providers. Both local and foreign-based crypto asset service providers are invited to contribute to the national assessment process by responding to a questionnaire.