Zimbabwe introduces first crypto regulations, mandating annual registration

Zimbabwe has introduced its first specific regulations for the cryptocurrency industry, mandating that companies register annually and pay a fee, Reuters reported. Under the new rules, firms involved in crypto trading, transfers, and custody must register with the Financial Intelligence Unit (FIU) each year. The annual registration fee is set at $500, and operating without a license will be considered a regulatory violation. Previously, the industry had operated in a legally ambiguous area.