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Is crypto legal in Zimbabwe?

Cryptocurrency is heavily restricted in Zimbabwe.

Eastern Africa · ZW · 3 of 9 dimensions sourced

Every value below cites the primary government, central bank, financial regulator, or tax authority. How this is sourced →

Zimbabwe crypto policy at a glance

CBDC status
Research

Stage of the central bank digital currency programme — research, pilot, or launched.

cbdctracker.org ↗ · as of 2021 · confidence: high
Legal status
Restricted

Whether crypto is legal, restricted, or banned for individuals and businesses.

“All financial institutions are hereby directed not to use, trade, hold and/or transact in any way in virtual currencies. They are further directed not to provide banking services to facilitate any person or entity in dealing with or settling virtual currencies.”
Reserve Bank of Zimbabwe ↗ · as of 2018-05-11 · confidence: high
VASP licensing
Not yet recorded

Whether the jurisdiction licenses crypto/VASP service providers.

Stablecoin rules
Not yet recorded

Rules governing stablecoin and e-money-token issuance.

Tax treatment
Not yet recorded

How crypto gains are taxed and reported, including OECD CARF participation.

DeFi treatment
Addressed

How decentralized finance (DeFi) is treated by regulators.

“The Government of Zimbabwe has established an inter-ministerial committee chaired by the Reserve Bank of Zimbabwe to develop a regulatory framework for crypto assets and related services, including virtual asset trading platforms and decentralised finance (DeFi) arrangements.”
NFT classification
Not yet recorded

Whether NFTs are addressed in regulation.

Mining policy
Not yet recorded

Policy toward crypto mining — permitted, restricted, or banned.

Enforcement intensity
Not yet recorded

Intensity of regulatory enforcement actions against crypto firms.

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