The government of Zimbabwe introduced a set of regulations requiring crypto companies to register annually with the Financial Intelligence Unit (FIU), the anti-money laundering body housed within Zimbabwe’s central bank. The measure, signed by Finance Minister Mthuli Ncube, establishes a registration fee of $500 per year and makes it a criminal offense to operate without enrollment. All activities related to the buying, selling, transferring or holding of virtual assets fall within its scope.
The new rules represent the first regulatory framework dedicated to the sector in Zimbabwe, which since 2018 banned financial institutions from operating with cryptocurrencies, pushing users toward peer-to-peer platforms and social networks. The hyperinflation of the late 2000s devastated household savings and eroded trust in the banking system, key factors that drove the adoption of Bitcoin and other cryptocurrencies as a store of value and means of transfer outside the formal system.
According to Chainalysis’ 2025 Global Crypto Adoption Index, the Sub-Saharan Africa region received more than $205 billion in on-chain value between July 2024 and June 2025, a 52% year-over-year increase. Jeffrey Mutambiranwa, a trader from Harare, told Reuters that the measure is welcome because traders will no longer have to work in the informal economy.
Source: https://www.reuters.com/world/africa/zimbabwe-moves-regulate-cryptocurrency-sector-2026-06-12/
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