The Government of Zimbabwe has announced its plans to venture on an exercise to assess and understand the crypto-currency landscape in Zimbabwe in line with global trends and best practices.
Ministry of Information permanent secretary, Nick Mangwana confirmed this exercise stating its sole purpose is that of determining the nature and extent of the crypto-currency ecosystem in Zimbabwe and understanding the risks of cryptocurrencies being misused for money laundering, terrorism financing and other purposes.
“The purpose of this exercise is multi-faceted,” Mangwana stated. “Firstly, we aim to determine the nature and extent of the cryptocurrency ecosystem in Zimbabwe. This involves mapping out the various actors and activities within the space to get a clearer picture of its scope and scale.”
The government has therefore issued an invite for all crypto currency service providers in and outside Zimbabwe ,to provide input into this national asessment.
source:newsreportzim.com
