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Reserve Bank Of Zimbabwe Proposes Regulatory Sandbox For Cryptocurrency Companies

Ramsey Baker

Summary: The Reserve Bank of Zimbabwe (RBZ) is reportedly in the process of developing a regulatory sandbox for cryptocurrency companies in the country, according to a report from local newspaper Chronicle. Josephat Mutepfa, RBZ’s deputy director for financial markets and national payment systems, said that the bank is at work on a regulatory framework that would ...

The Reserve Bank of Zimbabwe (RBZ) is reportedly in the process of developing a regulatory sandbox for cryptocurrency companies in the country, according to a report from local newspaper Chronicle.

Josephat Mutepfa, RBZ’s deputy director for financial markets and national payment systems, said that the bank is at work on a regulatory framework that would have companies involved with cryptocurrency go through a special regulatory sandbox.

The sandbox will allow the bank to decide if a certain company can be allowed to operate independently.

By Ramsey Baker

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