In today’s midweek update, we look at:
- Zimbabwe to embrace crypto regulations
- Ride-hailing drivers in Nigeria and Kenya take action against low fares
- Telecom workers in Nigeria embark on indefinite strike
Zimbabwe to embrace crypto regulations
The Zimbabwean government is working on its first-ever crypto regulations, which is a big deal considering they slapped a ban on banks dealing with crypto in 2018. This move comes after many consultations with crypto stakeholders and aims to bring some order and legitimacy to the wild world of digital currencies.
One of the key things the government is looking at is licensing crypto exchanges. This would provide oversight and accountability for crypto businesses operating in the country. Additionally, recognising cryptocurrency as a financial asset would enable crypto-related businesses to access traditional banking services, which have been restricted since the 2018 ban.
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Last updated: October 2, 2024
