Zimbabwe Government-Appointed Committee Aims to Understand Local Cryptocurrency Ecosystem

Zimbabwe Government-Appointed Committee Aims to Gain Insight into Local Digital Currency Landscape

The Zimbabwean government has established a diverse committee with the objective of engaging with stakeholders within the digital currency ecosystem. This committee, known as the National Risk Assessment Coordination Committee (NRACC), seeks to comprehend the intricacies and range of the digital currency landscape in Zimbabwe. Furthermore, it aims to assess the potential risks linked to digital currencies, such as their potential exploitation in money laundering, the funding of terrorism, and other illicit activities. Ultimately, the NRACC will propose an appropriate regulatory framework for digital currencies and their service providers. All digital currency service providers, whether local or international, are encouraged to contribute to the national assessment process by answering a detailed questionnaire.