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06/15/2026

Zimbabwe Mandates Crypto Firm Registration With Central Bank

What happened: Zimbabwe's Finance Minister Mthuli Ncube announced new regulations requiring all crypto businesses to register annually with the Financial Intelligence Unit (FIU) of the Reserve Bank.

Zimbabwe Mandates Crypto Firm Registration With Central Bank

What happened: Zimbabwe's Finance Minister Mthuli Ncube announced new regulations requiring all crypto businesses to register annually with the Financial Intelligence Unit (FIU) of the Reserve Bank. Registration costs $500 initially, with annual renewals at $400, though some reports cite a flat $500 yearly fee. Operating without registration is now a criminal offense. This move reverses Zimbabwe's 2018 ban on crypto banking and aligns the country with other African regulators.

Why it matters: Zimbabwe joins a growing list of African nations formalizing crypto oversight, reflecting the region's significant on-chain activity—over $205 billion processed between July 2024 and June 2025. The new rules aim to bring transparency and AML controls but may challenge smaller operators with compliance costs. The fee structure discrepancy across reports highlights the need for regulatory clarity.

Source: Reuters via Yahoo