Zimbabwe Requires Crypto VASPs to Register With Central Bank Under New S.I. 99 Framework, Imposes $500 Annual Fee

According to Techzim and official gazetting, Zimbabwe formalized cryptocurrency regulation under Statutory Instrument 99 of 2026, requiring virtual asset service providers (VASPs) to register with the Reserve Bank of Zimbabwe (RBZ). Crypto firms must establish a domestic subsidiary, pay a $500 annual registration fee, implement the FATF Travel Rule, and pass director background checks. The framework extends compliance rules to decentralized entities that control smart contracts or transaction fees, ending regulatory ambiguity since the 2018 central bank freeze on crypto transactions. Proponents argue the clear guidelines protect the domestic fintech ecosystem from unexpected regulatory shutdowns.
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JoshuaParawansavip
· 1h ago
Bull Run 🐂
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